Biden Admin: Just Kidding, We’re Not Refilling The Strategic Oil Reserves!

Biden Admin: Just Kidding, We’re Not Refilling The Strategic Oil Reserves!


Last month, the Biden administration committed to buying up to 3 million barrels of oil to remedy the declining Strategic Petroleum Reserves (SPR).

Designed to be used for times of emergency, the SPR has seen a 43% decline since 2021, when the Biden administration started emptying the reserves as a way of offsetting rising gas prices around the country.

In a recent reversal, the Department of Energy stated the price of oil is currently too high and has halted the move to refill the SPR.

WOW: The Biden administration scrapped plans to refill the Strategic Petroleum Reserve because it would be “way too expensive.”

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Biden drained the SPR trying to relieve gas prices and ease the pain of Bidenflation on American consumers.

Reports

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