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[quote=Anonymous]So, another release of the SPR - which Biden says is NOT politically motivated even though everyone knows it is.

The SPR was created for emergencies.  It is now at its lowest level in 40 years.

Remember when Trump wanted to fill the SPR at $20 a barrel and Democrats would not approve it?  
Now, Biden will end up refilling it at close to $100 a barrel.

[quote]In 1975, Congress created the Strategic Petroleum Reserve with the intention of insulating the U.S. from volatility in oil markets and to ensure a guaranteed inventory of energy supplies. It had its roots in the oil embargo enacted by Arab members of OPEC, which quadrupled the price of oil and led to widespread gasoline shortages. The SPR is authorized to hold up to 714 million barrels in underground salt caverns at four sites: Bayou Choctaw and West Hackberry in Louisiana; and Big Hill and Bryan Mound in Texas.

U.S. presidents have ordered emergency drawdowns three previous times: during Operation Desert Storm; after Hurricane Katrina; and in response to oil disruptions in Libya in 2011.[/quote]
https://www.rpc.senate.gov/policy-papers/biden-drains-the-strategic-petroleum-reserve

[twitter]https://twitter.com/NoahCRothman/status/1582740623156662272[/twitter]

[twitter]https://twitter.com/TheMaverickWS/status/1582448768107937793[/twitter]
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