Biden administration to release 1M barrels
of oil daily from US reserves
FOXBusiness,
by
Kyle Morris
Original Article
Posted By: Grateful,
3/31/2022 11:50:31 AM
The Biden administration will release 1 million barrels of oil each day for the next six months from U.S. reserves amid high gasoline prices. The plan announced Thursday is an effort to relieve some inflation associated with rising gasoline prices and combat other supply shortages that partly stem from Russia's invasion of Ukraine. "This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up," the White House said. President Biden is expected to formally announce the move at a White House event Thursday afternoon.
Well that’s stupid and short sighted.
54 people like this.
Reply 2 - Posted by:
Grateful 3/31/2022 11:56:33 AM (No. 1115513)
Current NPR inventory is 593 million barrels. Six months at 1 million barrels per day equates to 182 million barrels removed from the NPR for a political stunt. Another looming catastrophe of the Biden regime.
53 people like this.
Reply 3 - Posted by:
mc squared 3/31/2022 12:01:23 PM (No. 1115522)
6 months: about the same time I'll run out of my retirement dough. But just in time for the Mid-terms.
22 people like this.
Reply 4 - Posted by:
marbles 3/31/2022 12:04:20 PM (No. 1115524)
On purpose to deplete reserves so that there is no back up for emergencies. Trump filled up the reserves and at that time we were also producing so much that we were able to export. Not any more More style over substance to show that joey is doing something..........all he's doing is purposely weakening us. Why not drill and refine? No, joeys owners want us on our knees , immobilized, begging the govt for help. Stock up, stay strong.
44 people like this.
Reply 5 - Posted by:
Zeek Wolfe 3/31/2022 12:04:39 PM (No. 1115525)
Biden is just an incredibly stupid "adam henry" to borrow commonly used police phrase. Lets go brandon!
21 people like this.
Reply 6 - Posted by:
DVC 3/31/2022 12:05:29 PM (No. 1115529)
Re #1, EVERYTHING that this group of idiots and traitors does is 'stupid and short sighted', they have a 100% rating for that.
29 people like this.
Reply 7 - Posted by:
jimboscott 3/31/2022 12:07:55 PM (No. 1115535)
File this under 'Kicking the can down the road'.
The oil reserves will just need to be built back up. This might smooth things out a tad but makes no real difference if one were to look at the next five years in total.
12 people like this.
Reply 8 - Posted by:
Nimby 3/31/2022 12:09:58 PM (No. 1115542)
This buffoon should be told that he shall nt travel to Delaware every weekend until a better policy is put in place.
19 people like this.
Reply 9 - Posted by:
NorthernDog 3/31/2022 12:19:26 PM (No. 1115563)
What if there's a real emergency? Terror attacks, tidal waves, earthquakes, and storms can strike without warning and cause energy production interruptions. A Black Swan event could throw us back into medieval times within a few weeks.
26 people like this.
Reply 10 - Posted by:
udanja99 3/31/2022 12:27:33 PM (No. 1115573)
As I understand it, the top priority for our oil reserves is for military readiness. So the TaliBiden cabal wants to drain the reserve while at the same time pursuing war with Russia. Is there any doubt at all left that they are out to destroy all of us?
33 people like this.
...and when it's to be replenished, will this be with the same oil the US is buying daily from Russia? Who else has a ready supply? This is such a terrible move. Are we dreaming? Oh, how about buying it from Canada? They are not shooting at our friends.
11 people like this.
Reply 12 - Posted by:
Pearson365 3/31/2022 12:46:34 PM (No. 1115587)
Sad to see Fox Business parroting the same pro Biden talking points as the left wing AP, as in “ supply shortages that partly stem from Russia's invasion of Ukraine.”. If Biden takes questions today, the first reporter he’ll call on will be from the AP, with the question submitted to the WH this morning so that a cheat sheet can be prepared for Joe. If Fox’s Peter Doocey is allowed to ask a question, expect Biden to angrily lie about ever wanting to end fossil fuels.
9 people like this.
Reply 13 - Posted by:
dwa 3/31/2022 12:48:50 PM (No. 1115590)
"serve as bridge until the end of the year when domestic production ramps up"
Who are they trying to kid, domestic production will not "ramp up" because Biden and his Admin are blocking and hindering domestic production. Had this idiot left in place Trump's energy policies we would not be in this situation, but Biden bowed to the radical Green Lobby -- at the expense of the American people.
18 people like this.
Reply 14 - Posted by:
Birddog 3/31/2022 12:50:06 PM (No. 1115592)
At the same time we are buying 600,000bbl/d from Russia. How much from Iran? Venezuela?
Keystone would be providing 3million bbls/d by now if not blocked by Biden..AND it would be paying Taxes rather than TAKING from taxpayers.
13 people like this.
Reply 15 - Posted by:
gramma b 3/31/2022 12:55:14 PM (No. 1115597)
Thus further weakening us strategically. Which is, of course, part of the plan.
18 people like this.
Reply 16 - Posted by:
TLCary 3/31/2022 1:01:57 PM (No. 1115600)
#7 Just got to get to the midterms, even Stalin's five year plans never made it five years. They would empty every last drop and leave us completely vulnerable if it will help save them the Senate.
10 people like this.
Democrat morons are trying to buy votes by emptying our strategic oil supply. That supply is for EMERGENCIES. And their little stunt won't affect gas prices much. Democrats getting trounced in the 2022 mid-terms is not an emergency. It should be a welcome relief.
14 people like this.
Reply 18 - Posted by:
DE01A13 3/31/2022 1:06:39 PM (No. 1115603)
And when that runs out, what then? Oh yeah, electric cars.
8 people like this.
Reply 19 - Posted by:
Lawsy0 3/31/2022 1:10:17 PM (No. 1115608)
Writers keep saying the words ''Biden Administration'' as if saying it often enough will make it true.
9 people like this.
Reply 20 - Posted by:
moebellini3 3/31/2022 1:13:02 PM (No. 1115612)
1 million barrels of oil each day for the next six months from U.S. reserves amid high gasoline prices. Think about it. That's oil from our reserve, oil that should be used during an emergency. With the world as dangerous as it is today, with a mentally challenged man running our country, this is the last thing you want to do. Got it..
15 people like this.
Reply 21 - Posted by:
red1066 3/31/2022 1:15:07 PM (No. 1115615)
So, this idiot is going to release oil that cost for the most part less than $50 a barrel when gas prices were less than $2.50 a gallon, to make gas that costs anywhere from $4 to $6 a gallon and then we'll have to replace that oil with oil that costs over $100 a barrel in future. This is the kind of head up your arse thinking we have in government. The thought of drilling and reducing regulations to lower the price isn't part of their thinking.
20 people like this.
Reply 22 - Posted by:
triggerberg 3/31/2022 1:39:41 PM (No. 1115628)
The only analogy that comes to mind is a farmer eating his seed corn even though it’s planting season, the weather is good and the soil is ready.
10 people like this.
Reply 23 - Posted by:
bighambone 3/31/2022 2:44:28 PM (No. 1115678)
If the Biden ordered releases of oil from the so-called strategic reserve continue, and something really bad happens, like a big war, the USA will not have any reserve of oil.
5 people like this.
Reply 24 - Posted by:
Rich323 3/31/2022 2:56:43 PM (No. 1115685)
President Trump filled the reserves to the top when oil was super cheap. He saved billions on building the reserves. Now Bidet is dumping it on the market as a cheap political vote buying trick for the fall elections. The Clinton’s did the same crap and maybe Carter too. The democrats only have one tree so the apples are all the same..rotten!
5 people like this.
Reply 25 - Posted by:
snapper451 3/31/2022 3:17:21 PM (No. 1115697)
It takes a genius to deplete the strategic oil reserves when we are on the cusp of WWIII. Applesauce brains is clearly intent on destroying America. Someone do something, please! He did not get legally elected - fraud in so many swing stages occurred and has been documented. Plus, the idiot is as corrupt as the day is long.
5 people like this.
Reply 26 - Posted by:
raspberry 3/31/2022 3:18:03 PM (No. 1115699)
These phony environmentalists want us to believe that crude pumped from the petroleum reserve is cleaner than crude pumped from oil wells.
4 people like this.
Reply 27 - Posted by:
Thos Weatherby 3/31/2022 3:19:25 PM (No. 1115703)
1M barrels sound like a lot but it's LESS than 4 or 5% of our total daily usage. Meanwhile, prices are going up.
2 people like this.
Reply 28 - Posted by:
Anti_democRAT 3/31/2022 3:31:23 PM (No. 1115710)
At least trump filled it at a low price and FJB is releasing it at a high price. Hope it isnt going to the chinese. Trump is still making profits for us
1 person likes this.
Reply 29 - Posted by:
MDConservative 3/31/2022 3:34:40 PM (No. 1115713)
Is this oil being given away or sold? At what price to whom?
4 people like this.
Reply 30 - Posted by:
Rich323 3/31/2022 3:48:43 PM (No. 1115720)
Now he's going to use the Defense Production Act to protect components for electric vehicles? He's turning Ukraine into a national emergency crisis replacing Covid.
1 person likes this.
Reply 31 - Posted by:
Starboard_side 3/31/2022 3:49:27 PM (No. 1115721)
This should be the perfect opening for Republicans to pounce on the silly idea, and emphatically state we should be opening up the production here in the United States which will employ many in high-paying jobs without reducing the NPR's.
They are admitting that we need that oil, and will continue to need it for decades, even if we transition to cleaner energy options which does not seem to be a concern for those in the Middle East, China, Russia, India, and many other parts of the world.
What do they know that we aren't being told by the "green" special interest movements?
My take, it's always been about pollution, or they would have tried to input a more vigorous Paris Accord, instead of having a goal to meet in the year 2100 (78 years from now).
1 person likes this.
Reply 32 - Posted by:
davew 3/31/2022 3:58:20 PM (No. 1115726)
OPEC was showing signs that they wanted to increase their output while still softening the price hit. Now they have no incentive to do so until they see how the market absorbs the SPR dump. Thanks Joe. Maybe someone should tell him that the SPR has never been able to distribute anything close to 1M barrels per day.
0 people like this.
Reply 33 - Posted by:
RuckusTom 3/31/2022 4:45:37 PM (No. 1115746)
Golly, doesn't everyone have a SS account the government is managing for them? They won't raid the oil reserve - supposed to be used for war - would they?
1 person likes this.
Reply 34 - Posted by:
smokincol 3/31/2022 6:59:31 PM (No. 1115862)
diapers is taking intentional and grievous actions to destroy our country but will do whatever he can to strengthen our enemies - what kind of president is that?
1 person likes this.
This is a Band-Aid. Open the Keystone pipeline, Vegetable!
1 person likes this.
Reply 36 - Posted by:
Penney 3/31/2022 11:11:51 PM (No. 1116047)
The looting continues.
1 person likes this.
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