Biden wastes oil reserve while restricting drilling

 Daily Caller:

The Biden administration is considering releasing more crude oil from the U.S. Strategic Petroleum Reserve (SPR) after the ongoing plan to sell oil from the emergency stockpile ends in October, Reuters reported Thursday.

The administration may continue to auction off oil barrels from the SPR past October to ward off the threat of increasing oil prices in late 2022, Biden’s Energy Secretary Jennifer Granholm told Reuters. However, a Department of Energy (DOE) official later stated that the White House was not mulling further SPR sales, according to Reuters and CNN. (RELATED: ‘Fleecing Taxpayers’: Here’s How Americans Will Pay For Biden’s Draining Of Emergency Oil Reserves)

Biden’s officials are looking for ways to increase global crude supplies since they concerned that oil prices will rise worldwide once European Union sanctions on Russian oil imports go into effect in December, a move that could exacerbate European fuel shortages, Bloomberg reported.

The Department of Energy (DOE) is continuing to enact Biden’s plan to release an average of 1 million barrels of oil per day for six months, according to a July press release. Biden announced in late March that he would approve SPR sales to bring down gas prices and increase global supply, according to a White House press release.

“They are timing emergency oil releases to the price of gas ahead of the midterms,” Institute For Energy Research Senior Vice President Dan Kish told the Daily Caller News Foundation.”Biden is deliberately selling off our emergency supplies and is doing nothing to replace them.”
...

This is yet another reason to impeach Biden.  His anti-energy policies are a direct threat to US national security and to the economy.  He is the most irresponsible President in history.

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