Joe Biden wants to drain the Strategic Petroleum Reserve (SPR).
Midterms are fast approaching, and gas prices rising. President Biden will tap into the SRP for 15,000,000 barrels of crude oil to bring gas prices down and avoid a red tide.
Oh, and the White House blames Putin.
The White House stated in a statement that “global crude oil supply flows remain a challenge due in large part because of the ongoing instability caused in Ukraine’s actions.” If conditions warrant, the President will authorize additional sales.
White House Press Secretary Karine Jean-Pierre stated that President Biden has been stating for months that he is determined to do everything he can to reduce Putin’s price rise. “He has stated this in almost all of his speeches about gas prices and how the American people feel at the pump. He’s delivered on that.”
From The Daily Wire
According to datafrom AAA, the national average gasoline price is $3.85 per gallon. This represents a 62% increase in prices since Biden took office last year. Biden declared in March that his administration would release 180,000,000 barrels from the Strategic Petroleum Reserve. This reserve is a stock of crude oil used to manage disruptions in the energy markets. The final 15 million barrels of oil will be cleared by December 31st.
According to data, Biden has presided over the decrease of the Strategic Petroleum Reserve from 638million barrels to 409million barrels. White House Press Secretary Karine Jean Pierre was questioned by a reporter about why this release was necessary as gas prices are falling. The administration claimed that Americans would be given “a little breathing room” because of the policy.
JUST IN – Biden to release 15 million more oil barrels from the U.S. Strategic Petroleum Reserve (SPR) in December.https://t.co/t8GqsTForD
— Disclose.tv (@disclosetv October 18, 20,22