President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections.
Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve.
Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal.
The oil reserves are currently at the lowest level since 1984.
Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day.
The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections.
Biden recently campaigned in California where gas prices are nearly seven dollars a gallon.
When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.”
Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer.
“[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs.
One week ago he was warning of a nuclear armegeddon and today 15 million more gallons of oil released from STR.
This guy is a flipping nut! So is the rest of his merry misfits.
We must stop him before this whole country goes to Russia or China.
He is working against us instead of for America and her constitution.
Vote Red ♥️♥️
Just To Win An Election. Then The Squeeze on the People Will Start Back.
The way this moron set us up we may be pulled into a direct war with either russia or china. That said, it could be both! What will he do if that happens? Most likely step down do to medical reasons and dump the problem in harris’s lap; another idiot! Maybe she can beat them all my dropping a mega word salad bomb on them!! Don’t laugh, she puts me a sleep in less than a minute!!! It may work! While they are all asleep we can just go in and confiscate all their “assault weapons”. What a plan and fitting to the legacy of the biden administration. I hope the biden administration doesn’t wake up from their fantasy because reality is a bonafide buzz kill !!!!