Has Biden flipped on increased US oil production?

 Newsmax:

Amid pressures of the midterms, gas prices, inflation, and economic uncertainty, President Joe Biden announced a plan he claims will produce a "profit for taxpayers" — and it includes a long overdue call for oil companies to increase production.

Biden is releasing 15 million more barrels of oil from the U.S Strategic Petroleum Reserve (SPR) now, calling for U.S. oil companies to ramp up production, and offering them a $70 per barrel guaranteed price to sell it back to the U.S. government to refill the SPR in the future when demand falls and the price drops below $70 per barrel.

"You're sitting on record profits and we're giving you more certainty, so you can act now to increase oil production now," Biden said during a news conference Wednesday.

Despite a commitment to his party, his voters, and environmentalists, Biden said oil companies can ramp up oil production now "with the promise" they can sell their oil back to the U.S. government at $70 in the future.

"A good price for companies, and it's a good price for the taxpayers, and it's critical to our national security," Biden said, noting the average price of oil since March has been more than $90 per barrel.

"The highest since 2014," Biden admitted.

"We'll actually make money for the taxpayers, lower the price of gas, and help bolster production."
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Wednesday's new actions come just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price.

Trump in March of 2020 was looking to stabilize the oil industry as the virtual price of oil dropped as low as minus $40 per barrel amid COVID-19 lockdowns in 2020, crushing global petroleum demand.

When oil was priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve, but the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Majority Leader Sen. Chuck Schumer, D-N.Y., boasting his party had blocked a "bailout for big oil."

That decision effectively cost the U.S. billions in potential profits and meant Biden had tens of millions of fewer barrels at his disposal with which to counter price surges — which is not even the intended use of the SPR.
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Biden did halt production on federally controlled sites when he came into office and is now lying about it.  What he and the Democrats found out is that American voters do not like their anti-energy policies and their push for the Big Green agenda.  Trump was much smarter on the energy issue. 

See, also:

Biden Team Doing All It Can to Buy Election with Latest Move

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At this point, they’re just making up numbers and pulling them out of the air. That takes some kind of gall to claim since we’re still paying far more for gas than when Joe Biden came in. They think we have 15-second memories and don’t remember?

But if that were true, why is Joe Biden still ripping off our Strategic Petroleum Reserve?

Biden will announce that he’s going to swipe more from the Reserve on Wednesday, up to 15 million barrels, extending the releases he’s been doing through December. Not only that, Biden adviser Amos Hochstein indicated that they might continue to do more as needed.

It’s ridiculous and it’s compromising our security, driving down the Reserve to the lowest level in forty years.

They claim they’re going to replenish it by spending more money after driving it down.
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And:

‘Economics 101’: Energy Exec Debunks Biden Claims On Gas Prices