Biden is sending American strategic oil reserves OVERSEAS while gas prices are still near $5/gallon

I thought when Joe Biden decided to waste American strategic oil reserves, he’d at least waste them on us.

But a new report reveals that he’s been sending millions of barrels of oil from the Strategic Reserve overseas to other nations.

All the while the national gas price average remains near $5/gallon.

Here’s more via the Federalist:

More than 5 million barrels of oil from President Joe Biden’s “unprecedented” release from the nation’s emergency petroleum reserves were shipped overseas last month as domestic energy prices reached record highs amid roaring inflation.

According to Reuters, the fuel was exported to Europe and Asia as American consumers coped with a $5 average for a gallon of regular unleaded gasoline and $5.81 for diesel.

“The [Strategic Petroleum Reserve] remains a critical energy security tool to address global crude oil supply disruptions,” a spokesman for the Department of Energy told Reuters in a statement. The release to overseas nations, the representative added, helped stable the supply of oil, with shipments to the Netherlands, India, and China. Another ship is expected to carry American reserve oil overseas later this month.

On the final day of March, Biden ordered that 1 million barrels of oil be released from the nation’s emergency reserves for 180 days, which would strategically coincide with the timing of the November midterms, as the president faces political blowback for engineering high energy prices. Democrats with razor-thin majorities in both chambers are already bracing for a hostile election season since the president’s party has historically suffered tremendous losses in the first midterms.

The consequences of Biden’s reserve drawdowns have been minimal to blunt high gas prices in a nation that uses about 20 million barrels per day, according to the Energy Information Administration. In fact, each release has been followed by steep increases at the pump.

By the end of Biden’s six-month release, the White House will have tapped 260 million barrels from the emergency reserves within two years of his inauguration, leaving the stockpile at its lowest level since 1986. In May, the Department of Energy announced plans to replenish only 60 million barrels of what’s been released despite an authorized storage capacity of 714 million barrels.

Back in November of last year it was reported that there were “roughly 605 million barrels of sweet and sour petroleum in the reserve”. Joe Biden will have wasted between a quarter and a half of it when all this is said and done, and with no plans to replenish what he’s wasted, Let’s just say I hope we don’t have any natural disasters soon.

The Federalist continues…

Meanwhile, the Biden administration is doubling down on its energy policies with an axe to the fossil fuel industry. On Friday, the Department of the Interior blocked new offshore drilling projects in Alaska and the Gulf of Mexico after cancelling leases in each region two months ago.

This administration is the enemy of oil and gas and Joe Biden is doing everything he can to force the US to transition from oil and gas to his expensive green energy solutions.

Just yesterday, Biden again claimed we are going through an ‘incredible transition’:

It’s a transition of his own making! It doesn’t have to be this way. It doesn’t have to be this expensive. But Joe Biden is going to make many Americans poor in order to force his green agenda and then he’ll claim they’re better off.

2024 can’t get her fast enough.

Comment Policy: Please read our comment policy before making a comment. In short, please be respectful of others and do not engage in personal attacks. Otherwise we will revoke your comment privileges.