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HOW AND WHY BIDEN DESTROYED THE STRATEGIC PETROLEUM RESERVE

President Joe Biden convenes the fourth virtual leader-level meeting of the
Major Economies Forum on Energy and Climate at the White House in Washington,
D.C., April 20, 2023. (Kevin Lamarque/Reuters)
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By Andrew Follett
 * About Andrew Follett

April 9, 2024 6:30 AM
178 Comments Listen
Instead of unleashing more American energy, Biden has chosen to use America’s
emergency reserves to solve his own political problems.

Last Wednesday, President Biden’s Department of Energy (DOE) canceled a pair of
oil purchases to refill the Strategic Petroleum Reserve (SPR), leaving America’s
energy reserves dangerously low at a time of global uncertainty.

The DOE originally planned to buy oil at $79 per barrel. But oil prices have
stubbornly refused to cooperate and remain above $86 per barrel, leading the DOE
to cancel the purchase.


When former president Donald Trump attempted to fill the SPR to the brim when
oil prices were at a rock-bottom price of $24 a barrel, congressional Democrats
blocked the purchase, claiming it would be an oil-industry ...

To Read the Full Story
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Share178 Comments

Andrew Follett conducts research analysis for a nonprofit in the Washington,
D.C., area. He previously worked as a space and science reporter for the Daily
Caller News Foundation.




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