The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter told Reuters.
NewsNation business contributor Lydia Moynihan weighs in on how this could impact prices at the pump.
#Gas #Gasprices #StrategicPetroleumReserve
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14 Comments
Draining our emergency supply reserve for political reasons, the midterms coming up. Shameful. Exactly it is just covering up bidens failed policy. Those reserves will now NOT BE AVAILABLE FOR A REAL EMERGENCY. Trump made a point to fill reserves during his term of low prices when we were energy independent. SHAMEFUL!
Short term solution
That is not long term solution
Lol! Just in time for mid term elections. Everyone knows it’s just a ploy to try to get votes to help them in November and if they’re able to pull another fast one we all know the prices will just go way back up.
WWWWTTTTTTFFFFFFFFFFFFFF
YOOOOOOO THIS NEEDS TO STOP WTFFFFFFFFFFFFFFFFF
THEY ARE GOING TO DRAIN OUR EMERGENCY RESERVES WWWWWTTTTTTFFFFFFFFFFFFFFFFFFF
You DELETED ALL THE Ye INTERVIEW COMMENTS. BIAS and Untruthful! Unsubscribed, you're the same as the rest.
Lydia ❤❤❤
absolute fake news propaganda
Why do y'all keep lying to people? It's called "emergency reserve" for a reason. I don't think that was meant for every other country but ours! What they are doing is getting rid of everything we have so there will be no choice but comply, and for those who cannot afford it, too bad.
praying for more disasters and hardships coming your way America,..🙏🙏🙏
THEN BIDEN WILL GIVE IT TO OTHER COUNTRIES. PRIVATE COMPANY OIL STORAGE IS FULL, IT'S THE REFINERIES THAT ARE HOLDING PRICES HIGH.
The purpose of it is to be used for natural disasters and war only…failed presidential policies that tank a president's favor is not a reason to drain this emergency only reserve. We need to drill in every state, no matter how little, in order to become energy dominate again. Not give into the unscientific climate change cult, and their predictions that haven't came true for 80+ years now.
We are paying far more that $4 a gallon NOW! If Biden sells this, where does the $ go? mm