Joe Biden is reportedly planning to tap America’s oil reserve again, with only three weeks to go before the midterms.
These reserves are supposed to be for use in an emergency, not to artificially lower gas prices just before an election.
This is a deeply cynical and political move, intended only to help Biden’s party.
FOX Business reports:
Biden administration to release millions of more barrels from oil reserve: report
The Biden administration is planning to release another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in an effort to balance markets and prevent additional increases in gasoline prices.
The release of the Strategic Petroleum Reserve would be the latest portion of a 180-million-barrel program that started earlier this year, Bloomberg reported.
The administration is also expected to provide details this week regarding its plans to restock the emergency oil stockpile. The Energy Department announced in the spring it was planning a new method of buybacks to permit a “competitive, fixed-price” bid process that would potentially lock prices in prior to crude being delivered.
Temporary limits on exports of fuel so more gasoline and diesel will remain in the U.S. is also being considered by the administration. No timeline has been set for a decision on that step, but it will likely not happen before next month’s midterm elections.
According to data first compiled in 1982, the U.S. has the lowest seasonal inventories of diesel.
People can see this for what it is.
Joe Biden draining our emergency oil reserves just to try to soften Democrat losses in the midterm election might be the worst thing he has ever done and is a major scandal that hasn't gotten enough attention. https://t.co/KwR4zE3vLM
— Greg Price (@greg_price11) October 18, 2022
This is impeachable. Using emergency reserves for what is a blatant political ploy before an election. https://t.co/6FnwSLJIKI
— Bonchie (@bonchieredstate) October 18, 2022
Add it to the list of things Biden can be impeached for.