Emptying The Strategic Petroleum Reserve Leaves America Vulnerable | The Biden Admins Energy Failure

#news #politics #energy #joebiden #biden #bidenadministration #energycrisis #spr #strategicpetroleumreserve #crudeoil #trump #energyindependence

In a move that can only be described as short-sighted and reckless, the Biden administration has chosen to deplete the Strategic Petroleum Reserve by approximately 50%. This decision comes at a time when energy security should be paramount, especially considering the volatility of global oil markets. In this video, we delve into the ramifications of such a drastic measure and how it reflects the failure of the Biden administration to prioritize American energy independence.

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Sources--------------------------------------------------------

SPR Info: https://www.energy.gov/ceser/strategic-petroleum-reserve

EIA: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m

Politico: https://www.politico.com/news/2023/10/16/biden-oil-reserve-fuels-00121298

Forbes: https://www.forbes.com/sites/rrapier/2024/04/03/biden-administration-cancels-spr-purchases/?sh=f47b9766a4d6

Reuters: https://www.reuters.com/markets/commodities/biden-administration-slowly-puts-oil-back-into-spr-emergency-stash-2024-01-04/

Reuters 2: https://www.reuters.com/business/energy/us-wont-award-contracts-louisiana-spr-site-over-oil-price-energy-department-says-2024-04-03/

Bloomberg: https://web.archive.org/web/20240403022601/https://www.bloomberg.com/news/articles/2024-04-03/us-cancels-latest-oil-reserve-refill-plan-amid-high-prices