One of Biden’s biggest blunders has been his war on America’s energy industry. He shut down drilling on federal land, issued heavy regulations, and ended projects that would have produced more oil and gas. The result has been skyrocketing gas prices since the start of the year. Americans are hurting at the pump and just as Winter sets in, heating prices are rising.
The solution to this self-made crisis is obvious. Let American companies produce more oil. Instead, Biden is taking oil reserved for real emergencies.
The White House announced Tuesday that President Joe Biden would release 50 million barrels of oil from the Strategic Petroleum Reserve.
That oil was secured by President Trump for emergencies. Biden is releasing it in an apparent knee-jerk reaction. So, Trump had some words for him.
“I filled them up three years ago, right to the top, when oil prices were very low. Those reserves are meant to be used for serious emergencies, like war, and nothing else. Now I understand that Joe Biden will be announcing an ‘attack’ on the newly brimming Strategic Oil Reserves so that he could get the close to record-setting high oil prices artificially lowered.
“We were energy independent one year ago, now we are at the mercy of OPEC, gasoline is selling for $7 in parts of California, going up all over the country, and they are taking oil from our Strategic Reserves. Is this any way to run a country?”
Trump, in an uncharacteristically subdued statement, called out Biden for releasing 50 million barrels of oil from our strategic reserve. Trump pointed out that the reserve had been empty for years, as other presidents refused to replenish them. He restored it, back when oil prices were very low.
Now, Biden is depleting these reserves again to “artificially” lower gas prices. Experts pointed out that Americans use roughly 18 million barrels of oil a day in gas and fuel. So, Biden’s move will only provide 3 days of energy, during the heightened holiday travel time.
So, is Biden really doing anything to address the problem? Trump explained that this reserve is supposed to be saved for times of war, “nothing else.” Biden can easily “solve” this problem by simply letting American companies drill for more oil on federal land.
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Instead, he is slapping a Band-Aid on a gaping wound. That strategic oil will be gone before the week is out. And we’ll be back where we’re at right now. Why is Biden so determined to make our problems worse? Why can’t he make the best decision for the good of our country?
Maybe it’s because he wanted the gas crisis, to force Americans to buy electric cars? That was a longshot, at best, since most people can’t afford EVs. But the more we watch Biden crash and burn, the more we’re convinced that he just doesn’t know what he’s doing.
His administration is a joke. His staffers are fools. And Biden, a career yes-man, lacks the wisdom and skill to lead the country.