The people running the Biden regime have an extremely poor opinion of the average American’s intelligence. In fact, they think they can claim anything and people will believe it. Case in point… the regime is releasing a 3 day supply of oil to ‘keep prices low’… oil that Americans ALREADY BOUGHT and paid for… and meanwhile the Energy Secretary doesn’t even have a clue how much oil is used by America.
Eh, this is awkward… and simultaneously so typical of the current administration. The White House trotted Energy Secretary Jennifer Granholm to the microphones today to tell the DC stenographers how brilliant, beneficial and strategically necessary it is to release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to lower gasoline prices. The enthusiastic Energy Secretary read the script, gave her talking points and then took questions.
However, after spending 15 minutes talking about the strategic brilliance of the 50 million barrel release, one of the stenographers accidentally asked: “that said, how many barrels of oil do U.S. consumers use every day?”… Granholm paused, looked down and said: “I don’t have that number in front of me, I’m sorry“…
♦ The amount we are giving you is so incredible and brilliant it will make everyone’s lives better. The best ever.
♦ How much do we need?
♦ I don’t know. We didn’t get that information. But the amount we are giving is awesome.
Yup, that’s the Biden administration encapsulated.
Apparently the people behind Joe Biden realize the ridiculous prices at the gas pump are going to be a major political issue for them in the next election. As a result, they have decided to release 50 million barrels of oil from the strategic petroleum reserve (SPR), enough for approximately 3 days of demand. [Announcement Here]
The strategic reserve is intended as an emergency supply in the event of war or national crisis that demands we have some insurance measures to protect ourselves. The SPR is the world’s largest supply of emergency crude oil, and the oil stocks are stored in underground salt caverns at four storage sites in Texas and Louisiana.
The oil in the strategic oil reserve was previously paid for by taxpayers. What Biden is doing right now is giving reserve oil to energy companies who then turn around and refine it into gasoline for taxpayers to purchase. We get to buy it twice, and Biden wants to be thanked for doing it.
The Biden administration is going to lower gas prices for taxpayers by allowing taxpayers to purchase their own oil. Brilliant!
In related news, the Biden administration also held a call today [LINK] to announce their plan to ease inflation by printing more money.