Biden Administration Will Release Another 15 Million Barrels Of Oil From Strategic Petroleum Reserve As His Plan To Destroy The Gas Companies Rolls On

October 26, 2022 admin News 0

The Biden administration will release 15 million barrels of oil from the Strategic Petroleum Reserve in December in a bid to drive fuel prices down, senior Biden administration officials said Tuesday.

One of the main reasons why pretend president Joe Biden was installed in the White House was to enable the New World Order to tear down the United States from the inside out. Indeed, the first two items on Biden’s ‘Day One’ executive order signing spree was to 1). promote transgenderism, and 2). destroy America’s nascent energy independence by shutting down our oil and natural gas pipelines. Gas prices are high and remain high as of this writing, but they are not high because of Putin. They are high because of Biden.

“And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.” Deuteronomy 33:24 (KJB)

After turning off our pipelines, the Biden administration authorized the largest release from the Strategic Petroleum Reserves in America history. Why? To artificially lower the high cost of gas at the pumps for the Midterm Elections. But guess what? Prices are still well more than a dollar-per-gallon higher now than they were in January 2021, and have began rising back up towards $4-per-gallon. But it is likely that Joe Biden is blissfully unaware that any of these things are taking place due to his advanced mental decognition. All he has to do is read the teleprompter when he is able to pull that off, and keep an eye out for his next ice cream cone. Did you ever think that this is what it would look like when America died?

Biden administration to tap oil reserve again ahead of midterms

FROM POLITICO: The release will account for the last of the 180 million barrels President Joe Biden authorized the Energy Depart to disburse in March, leaving another 400 million barrels in the reserve, the officials said. The administration will also look into a possible new authorization to ship more barrels after that depending on market conditions, the officials said. The government “remains very able and very vigilant,“ one of the officials said on a background call with reporters. “If we need to deal with additional challenges with supply, with affordability, we will have additional opportunity with the SPR if we need to do more sales into the future beyond“ December.

The officials pushed back on questions about whether announcing the December move was redundant with March’s approval, saying that “it was not a given“ that they would have carried it out if the oil market had stabilized. The administration will also soon set up a process to purchase oil from companies to refill the SPR at a price of $67 to $72 a barrel, the officials said. That level is more than $10 below current benchmark prices.

“In terms of protecting taxpayer funding [and] being responsible stewards of the SPR, you want to sell when the prices are high and you want to buy when they’re low,“ the official said. “And we wanted to put the marker out there at this point that we will buy when they’re low.“

President Joe Biden will speak about gas prices on Wednesday, White House chief of staff Ron Klain said in a tweet. The move comes as the administration has been meeting with oil company executives to negotiate ways to lower fuel prices ahead of the midterm elections in which inflation, partly driven by high energy prices, will be a key issue.

The administration is also considering another release that would be separate from the previously authorized one, though a decision hasn’t been made on whether to do so, the two people said. “It’s on the table, but they haven’t made a go or no-go decision,” one of the people said.

The administration also intends to announce plans to refill the reserve, two people familiar with the talks said. Details such as how much the administration would pay for the oil and when it would buy were still being worked out in one-on-one meetings with industry representatives, the people said.

Oil prices shot higher last week after the oil producing cartel OPEC and its allied countries announced they would cut their collective production by 2 million barrels a day. Biden had promised a response to OPEC’s decision, though the administration’s options to lower fuel prices are limited. Prices had already come down from a recent high of $5.02 a gallon this summer, but started to increase last month amid refinery outages in California and Ohio. The national average price was $3.87 a gallon as of Tuesday morning, according to AAA. READ MORE

Joe Biden As A Tool Of The New World Order

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