Guest post by Bob Bishop
Last month, President Biden authorized his second emergency sale program with the release of one million barrels per day from the Strategic Petroleum Reserves (SPR) for the next six months (180 million barrels). The aim, according to Biden, is “to provide a wartime bridge that will support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine.” Biden’s ulterior motive is to have tens of millions of barrels diverted to Europe, encouraging the Europe Union to ban Russian oil while discouraging diplomacy.
Europe uses 14.1 million barrels daily, of which the EU imports 3.8 million barrels from Russia (27% of EU requirements). Ursula von der Leyen, President of the European Commission and Global High Priestess, pledges a