When this election is over, the new Congress must constrain the Executive from using the Strategic Petroleum Reserve to try and solve their political problems.
Hot Air (10/24/22) column: "Joe Biden has made repeated efforts, along with his various spokespeople, to “explain” how well his energy strategy has been working over the past two years. One of the bigger moves that he made was to begin selling off hundreds of millions of barrels of oil from our nation’s Strategic Petroleum Reserve. He has also tried to point the finger of blame at the oil companies for “not producing enough,” even as he went to countries like Saudi Arabia and Venezuela with his hat in his hand, trying to buy more oil. He’s done pretty much everything except promote and expand domestic oil and gas drilling. In the background, we learned that Biden has been in talks to refill the SPR somehow. He’s suggested various approaches, but none of them seemed to make much sense. You just knew that eventually, the oil and gas industry was going to have to weigh in on the situation, particularly if they were being made out to be the bad guys by the White House. This week, analysts from the Institute for Energy Research (IER) did just that. And their assessment of the situation doesn’t reflect well on Joe Biden’s handling of the matter. They are well aware of just how much oil and gas we could be producing and how dangerously low the SPR has been allowed to fall. So why do they believe these production issues have been handled in this fashion? They don’t exactly say it in so many words, but you don’t have to read between the lines very far to figure out that all of this was done for political motivations and it hasn’t worked out well...This is a lengthy analysis developed by the people who know the oil and gas industry best and the entire thing is worth your time to read. But just browsing the excerpt above, you can see that IER has pinpointed just where the White House’s attempts at strategy have gone astray and get a sense of the political machinations underlying these decisions."
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"America is learning the hard way the consequences of demonizing and vilifying traditional energy producers. Biden and team have put our national security in the hands of OPEC and other hostile foreign nations. In California, things are even worse, and its citizens are fleeing in droves."
– Rick Whitbeck,
Power The Future
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