US oil reserves running low-Bass Ackwards

Baldwin NY

Description

The Biden administration is depleting the nation’s petroleum reserves, while allowing OPEC, Russia, and China to gain geopolitical leverage over the United States. As you remember, in November 2021, President Biden announced a 50-million-barrel release from the SPR that was supposed to be in tandem with other importing countries, including China. IN REALITY (something the admin has trouble with ), China ramped up its purchases of crude oil from Russia and the United States to boost its own reserves, even as oil prices surged and President Biden called for a coordinated release. China is reportedly in talks with Russia to buy even more oil for its strategic reserves, while the United States and the E.U. pledged to ban Russian imports. As a result, China may now control the world’s largest stockpile of oil, with total crude inventories estimated at 950 million barrels. He must know that this is NOT a good thing. It Supposed to be used in emergency not to somewhat mask inept leadership. The Strategic Petroleum Reserve is not to be used to fight inflation or other incompetence. It is to be used for national security purposes. The release of these reserves by Biden is anti-American and depletes our oil for politics and buying votes. He is taking our emergency preparedness Down Down Down, Like everything the man does. Except prices of course. the poor man has it bass ackwards.