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Biden set to release oil from emergency reserve in bid to lower US fuel prices
Posted on 10/18/22 at 3:30 pm
Posted on 10/18/22 at 3:30 pm
quote:
Biden set to release oil from emergency reserve in bid to lower US fuel prices
LINK
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter have said.
Joe Biden’s announcement is expected this week as part of the response to Russia’s war on Ukraine, one of the sources said.
The sale would market the remaining 14m barrels from Biden’s previously announced, and largest ever, release from the reserve of 180m barrels that started in May.
The administration has also spoken with oil companies about selling an additional 26m barrels from a congressionally mandated sale in fiscal year 2023, which began October 1, a fourth source said.
The Department of Energy will also release further details on eventually buying the oil back, reflecting the White House’s desire to combat rising pump prices while supporting domestic drillers.
Rising retail gasoline prices have helped boost inflation to the highest in decades, posing a risk to Biden and his fellow Democrats ahead of the November 8 midterm elections, in which they are seeking to keep control of Congress.
31
Posted on 10/18/22 at 3:31 pm to frequent flyer
What a joke, yet people will eat it up and think he’s doing something positive
Posted on 10/18/22 at 3:32 pm to frequent flyer
fricking with our strategic oil reserves in a desperate attempt to retain control of congress should be grounds for impeachment. Seriously, how many million of barrels has this worthless shite stain released already?!?
Posted on 10/18/22 at 3:32 pm to frequent flyer
This guy is a fricking disaster.
The whole left knows Americans are about to vote with their wallets so they're grasping at straws. I know quite a few Biden voters that are screaming from the GOP mountaintop right now.
The whole left knows Americans are about to vote with their wallets so they're grasping at straws. I know quite a few Biden voters that are screaming from the GOP mountaintop right now.
Posted on 10/18/22 at 3:32 pm to frequent flyer
Werent they bragging today about how much lower prices are now than they were in June?
Posted on 10/18/22 at 3:35 pm to frequent flyer
high prices is not an emergency, a-hole. we are fricked this winter if anything happens.
Posted on 10/18/22 at 3:37 pm to Darth_Vader
quote:
fricking with our strategic oil reserves in a desperate attempt to retain control of congress should be grounds for impeachment. Seriously, how many million of barrels has this worthless shite stain released already?!?
Hell, shipping it to China should have been grounds for impeachment.
Posted on 10/18/22 at 3:39 pm to frequent flyer
Democrat voter: “Doesn’t matter; I pay for gas with my student loans.”
Posted on 10/18/22 at 3:40 pm to rented mule
Posted on 10/18/22 at 3:41 pm to frequent flyer
I don’t know why he’s trying to lower inflation. The majority of his voters live off of government handouts anyway.
Posted on 10/18/22 at 3:42 pm to frequent flyer
What a pathetic drooling buffoon the pant shitter in chief is.
Posted on 10/18/22 at 3:46 pm to frequent flyer
So in an attempt to decrease domestic WTI prices, he plans on reducing domestic WTI supply?
Posted on 10/18/22 at 3:50 pm to frequent flyer
It’s amazing how these clowns are all about preventing climate change until it becomes politically uncomfortable. If they really believed in their righteous cause, they wouldn’t add more fossil fuels. They’d use this as a catalyst to ween us away from fossil fuels. FTR, I’m not a climate change denier, I just think Dems are full of it and don’t really care about the environment, they just want to suck up to those that do.
Posted on 10/18/22 at 3:50 pm to BobABooey
quote:
Democrat voter: “Doesn’t matter; I pay for gas with my student loans.”
Which they hope will be forgiven the next time Biden needs them to turn out to vote. Since he didn't do it the last time he promised it.
Posted on 10/18/22 at 3:51 pm to frequent flyer
Democrats say the president cant do anything about gas prices.
Posted on 10/18/22 at 3:51 pm to frequent flyer
So the crook Biden shuts down Keystone when gas was under $2, and then bankrupts the economy with higher fuel prices, and now that it’s election season, he’s releasing reserves to appear he’s doing a good job.
frick Biden
frick BidenPosted on 10/18/22 at 3:58 pm to frequent flyer
Lord help us when we really need this oil.
Posted on 10/18/22 at 4:02 pm to frequent flyer
We impeach Trump for asking about illegal activities, yet a sitting President can release strategic oil reserves purely to attempt to help his own party stay in power.
Posted on 10/18/22 at 4:03 pm to Darth_Vader
quote:
should be grounds for impeachment
Nancy will get right on that
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