Monday, June 24, 2024

As GOP calls Biden's oil reserve depletions election-year politics, figures show he's sold off the most

 "Please, sir. . ."


Charles Creitz  "In April 2022, the White House celebrated the Biden administration’s sale of the first 30 million of an eventual 180 million barrels of oil from the Strategic Petroleum Reserve (SPR), which seemed an unprecedented election year move at the time.

"In May, the Energy Department similarly celebrated a planned liquidation of 1 million barrels from the NGSR, a Perth Amboy-to-Boston contingent of the SPR, aimed at lowering summertime gas prices.

"Fox News Digital took a deeper dive into the numbers to see whether administration critics have ground to stand on when it comes to claims Biden is wielding U.S. oil reserves as an unprecedented election-year cudgel, versus simply helping Americans better afford to travel.

"The findings showed the SPR saw its most sweeping drawdowns during Biden’s tenure, and that he, and former Presidents Trump and Clinton oversaw the largest historical decline in reserves." . . .

BIDEN CANCELS PLANS TO REFILL EMERGENCY OIL RESERVES AMID HIGH PRICES

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