“It’s pure insanity to watch the Biden Administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” Daniel Turner, founder and executive director for Power The Future, said in a statement. “Joe Biden drained the SPR for political reasons, cut our domestic production for his climate agenda and now he’s leaving our critical reserve more vulnerable because he’s incompetent.
The Biden administration has increased regulatory pushback for oil domestic production while raising ongoing concerns about climate change.
The Biden administration’s war on U.S. energy is crippling hardworking Americans and has led to our Strategic Petroleum Reserves being at their lowest levels since the 1980s,” U.S. Rep. Mike Collins, R-Ga., wrote on X.
Remember Biden has guaranteed to get rid of fossil fuels, i.e. gasoline!
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I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM Biden..
Which Presidents Filled And Depleted The Strategic Petroleum Reserve?
At present, it stands at 347 million barrels, the lowest level since August 1983.
During President Obama’s first term, the SPR was depleted by 7 million barrels. But from its peak the SPR was reduced by more than 30 million barrels by the end of Obama’s first term.
President Joe Biden inherited an SPR at 638 million barrels. However, first in response to rising gasoline prices, and then as a result of Russia’s invasion of Ukraine, President Biden announced the most aggressive SPR drawdown in history.
During his first two years in office, the SPR was drawn down by 266 million barrels.
So far in 2023, another 25 million barrels have been sold from the SPR.
Add it all up, and
Democrats after Carter drew the SPR down by
306 million barrels,
and Republicans increased the SPR by
571 billion barrels.
(The Center Square) – The Biden administration will pause its replenishment of the nation’s Strategic Petroleum Reserves because oil has become too expensive, the White House said.
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