The Biden administration has decided to release 50 million barrels from the Strategic Petroleum Reserves to quell the rising prices of gasoline.
32 million barrels will be an exchange and 18 million barrels are an advance release from a prior authorized sale.
What all these mumbo-jumbo means for American consumers? Absolutely nothing, zero, zilch, nada.
The United States consumes an average of 18.2 barrels of petroleum daily. At that pace, the amount released is only good for about three days, so you do the math.
Additionally, it will take at least two weeks to make all this happen, so do not expect to see any relief at the pump any time soon. You will continue to pay high gasoline prices, period.
As is garden variety with the Biden administration, this is nothing more than empty gestures. They know this is not going to alleviate our gasoline problem, but it makes them look like they are doing something.
Folks, they are not doing anything. Unfortunately, their base is dumb enough to see it, and with a left-wing media apparatus covering every mistake the administration makes, not too many people are going to see it for what it is, and they will praise the administration for it.
In the meantime, the government is going to pillage our reserves while shutting down energy sources that could safeguard our own future and energy independence.
Since we do not produce much anymore; how is the administration plan to restock the reserves? They do not know.
This has nothing to do with OPEC, the Trump administration, or none of that other nonsense the Biden administration wants you to believe. This has everything to do with the administration’s lack of a solid energy policy and our forced dependency on foreign oil.
In the words of Forrest Gump, “as stupid as stupid does.” The United States has been run by very stupid people.