REPORT: Joe Biden To Tap America’s Oil Reserves AGAIN, Just Weeks Before Midterms

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.

POLL: Do You Think Trump Was The Real Winner Of The Election?

Completing this poll entitles you to ProTrumpNews updates free of charge. You may opt out at anytime with a single click. Here's the Privacy Policy.

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.

Trending: Time Magazine: It’s Totally Different When Democrat Hakeem Jeffries Denies 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.

Add it to the list of things Biden can be impeached for.


Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please hover over that comment, click the ∨ icon, and mark it as spam. Thank you for partnering with us to maintain fruitful conversation.