Bloomberg reporter Steven Dennis reminds us of the difference in two years when Americans hear that President Biden will release 180 million barrels of oil from the Strategic Petroleum Reserve (SPR).
In March 2020, former President Donald Trump wants to fill the SPR and hopes to include it in the stimulus package before Congress $3 billion to take advantage of oil prices dropped earlier that month.
“Based on oil prices, I… Instructs the Secretary of Energy to Procurement, at a very favorable price, a large amount of crude oil stored in the US strategic reserve. We will fill it up. “
But filling up the SPR didn’t happen. Democrats, in their infinite wisdom, removed $3 billion from the stimulus package.
They cheer and brag about it.
It’s called the Strategic Petroleum Reserve instead of trying to save myself politically – because I’ve foolishly limited domestic production reserves. https://t.co/wmrA5e8CTk
— Mark Krikorian (@MarkSKrikorian) April 1, 2022
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At the time, Democrats boasted Oil Reserve Funds Taken Off BillsThen Senate Minority Leader Sen. Chuck Schumer (D-NY) called it a “$3 billion bailout for Big Oil.”
environmental groups also cheers for exclusion fundsMichelle Chan, vice president of the Friends of the Earth program, said: “$3 billion to fail for Big Oil is an important victory.”
“The senators are finally listening,” said Jack Shapiro, a senior climate campaigner at Greenpeace US. “We are happy to see them drop the idea of ’filling up’ the Strategic Petroleum Reserve at Trump’s request.”
victory! DOE abandons big $3 billion oil bailout!
— Friends of the Earth (Operation) (@foe_us) April 3, 2020
national security issues
Donald Trump tries to fill SPR This is the first attempt since George W. Bush ordered it to be filled immediately after 9/11.
At Trump’s suggestion, White House energy adviser Bob McNally, on the Bush administration’s National Security Council, said: “It’s better to do this before an emergency. We still need a large SPR because our economy is still vulnerable to any The impact of price shocks from local disruptions.”
Boy, he’s always right.
Indeed, Trump proposed filling the Strategic Petroleum Reserve when it was cheap, and Schumer boasted of stopping him.
— Steven Dennis (@StevenTDennis) March 31, 2022
Enter Biden’s “plan”
because the Democrats did They did everything possible to stop Donald Trump from trying to secure The SPR is over, with President Joe Biden announcing this week that he will release 180 million barrels of oil over the next six months, ironically, before Election Day to ease Americans’ pain over oil.
Critics of the plan say it does little to improve the situation, instead pointing to the Biden administration’s stifling energy policies, such as halting production of the Keystone XL pipeline, halting new leases for oil production on federal lands, and relying on, even Begging OPEC countries to increase production as the reason for the fuel price crisis.
Biden also accused Russian President Vladimir Putin of invading Ukraine for soaring oil prices.
It’s too bad the current ruling party is putting its politics ahead of American national security when it matters most.
The Strategic Petroleum Reserve is designed to provide an emergency domestic supply of oil in the event of war or disaster. It’s not designed to increase polls. By recklessly depleting this reserve, Biden effectively weakens our ability to withstand future oil crises.
— Liberty Zoomer 🕊️ (@Liberty_Zoomer) April 1, 2022