Schumer Calls On Biden To Release Oil Reserves And End Oil Production

 

Senate Majority Leader Chuck Schumer  called on President Biden to make use of emergency petroleum reserves in an effort to lower gas prices ahead of the holiday season.

Schumer then added that once the oil reserves were released it was time to end oil production in the US — to hell with them.

Yesterday I posted Biden Begs China To Open Their Oil Reserves During Phone Call

The South China Morning Post reports that President Biden asked President Xi, during their virtual meeting overnight, to release China’s oil reserves as part of an economic cooperation pact.

Later that day, this headline: ForexLive:

U.S. reduces strategic petroleum reserve by 3.2M barrels, lowest deposit level since 2003: EIA

• US reduces stocks and strategic petroleum reserve by 3.2 million barrels
• The reserves are now at the lowest level since June 2003

Yesterday the acting head of the EIA said that any release from the US strategic petroleum reserve (SPR) would have only short-lived impact on oil markets.

I have absolutely no doubt that they are trying to destroy America. I also know there’s no cost too high to protect and preserve our way of life for future generations!

 

They are not done with the oil and gas companies yet.

Biden is asking the FTC to investigate whether “illegal conduct” by large oil and gas companies is pushing up gasoline prices, saying there's “mounting evidence of anti-consumer behavior."

https://t.co/fdnU6R7fRp

— Axios (@axios) November 17, 2021

President Biden sent a letter to Federal Trade Commission chair Lina Khan Wednesday asking the agency to determine whether “illegal conduct” by large oil and gas companies is pushing up gasoline prices.

What they’re saying: In the letter, Biden claimed that there is “mounting evidence of anti-consumer behavior by oil and gas companies.”

• “The Federal Trade Commission has authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately,” he added.

The other side: “This is a distraction from the fundamental market shift that is taking place and the ill-advised government decisions that are exacerbating this challenging situation,” the American Petroleum Institute said in a statement.

• “Demand has returned as the economy comes back and is outpacing supply. Further impacting the imbalance is the continued decision from the administration to restrict access to America’s energy supply and cancel important infrastructure projects.”

The Reality!

They do not have a plan how they are going to replace oil and coal to provide electricity. Without having a viable option available NOW, they are going to plunge us into another Dark Age.

 

Don’t they understand that we won’t have ANYTHING made out of plastics (think cell phones, computers, food containers), Buying electric cars won’t help if there’s no way to charge them. Without electricity your frozen food will spoil, you won’t be able to charge your phones. THINK!!

.@PressSec: "Our view is that the rise in gas prices over the long term makes an even stronger case for doubling down our investment and focus on clean energy options." pic.twitter.com/rdDIm2spwY

— Townhall.com (@townhallcom) November 12, 2021

Obama’s wish coming true. Yes…. we have the message. Obama 2.0

 

 

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