Posted on Oct 10, 2023
Biden's depletion of emergency oil stocks comes back into focus amid Israel-Hamas war, price...
1.64K
27
8
7
7
0
President Biden's decision to drain the United States’ Strategic Petroleum Reserve (SPR) to its lowest level in decades is back in the spotlight amid the war started when the Palestinian- terrorist group Hamas attacked Israel, causing oil prices to surge. If the conflict envelopes Iran, up to 3% of global oil supply is at risk. If a wider conflict impacts the Strait of Hormuz, 20% of global oil supply could be held hostage, according to Reuters. The Biden administration has depleted the SPR, an oil supply established for emergency scenarios, to its lowest level in four decades. The SPR currently contains 351.3 million barrels of oil, (44% lower than it was in Jan 2021 when Biden took office) and a level last recorded in September 1983 prior to this year.
UPDATE 10/19/23 : US Dept of Energy soliciting oil bids
https://www.energy.gov/ceser/articles/us-department-energy-announces-monthly-solicitations-purchase-oil-strategic
UPDATE 10/19/23 : US Dept of Energy soliciting oil bids
https://www.energy.gov/ceser/articles/us-department-energy-announces-monthly-solicitations-purchase-oil-strategic
Biden's depletion of emergency oil stocks comes back into focus amid Israel-Hamas war, price...
Posted from foxnews.com
Oil and Energy
Israel
National Security
Government
Energy
Edited 2 y ago
Posted 2 y ago
Responses: 6
3
3
0
Sgt (Join to see)
All the horrific decisions and mis-actions (Afghanistan debacle, energy attack debacle, open border debacle, Chinese spy balloon debacle, massive overspending,,etc) coming from this administration cannot be just poor judgements Lt Col Charlie Brown .
(1)
(0)
2
2
0
We are going to have to suffer higher prices because of Brandon's his inept delusional policies.
(2)
(0)
2
2
0
Joe Biden is out Cloward and Pivening Clward and Piven. His failure to govern is overwhelming the US and our government.
(2)
(0)
Sgt (Join to see)
LTC Trent Klug Thanks for bringing up Cloward and Piven, the two 1960s Leftists who were intent on collapsing America to force it into Socialism. For anyone interested, here’s some articles referencing their strategy that’s been in the works for some time :
https://www.tigerdroppings.com/rant/politics/cloward-piven-strategy/68101433/ (2017)
Also > https://rootforamerica.com/open-border-catastrophe-is-the-cloward-piven-plan-to-destroy-america/ (2023)
LTC Stephen Conway 1SG Russell Scott SGT John Schmelzkopf
https://www.tigerdroppings.com/rant/politics/cloward-piven-strategy/68101433/ (2017)
Also > https://rootforamerica.com/open-border-catastrophe-is-the-cloward-piven-plan-to-destroy-america/ (2023)
LTC Stephen Conway 1SG Russell Scott SGT John Schmelzkopf
Cloward/Piven Strategy - From Wikipedia: [quote]The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activis
(2)
(0)
Read This Next
Continue with Facebook 
Continue with Google