In the wake of OPEC’s announcement that it will be scaling back oil production by 2 million barrels a day, President Biden has announced another trip to the Strategic Petroleum Reserve (SPR). This time, Joe is grabbing 10 million barrels in an attempt to combat rising gas prices.
Biden has taken 180 million barrels since April.
From Fox News:
But Biden’s attempt to circumvent the spike in gases prices expected to hit the market in time for the midterm elections may not prove all that effective.
In March, Biden said he would release 1 million barrels of oil a day to counter record high gas prices amid a global economic recession, inflation and disruption to the marketcaused by the war in Ukraine.
The release of roughly 180 million barrels of oil from the U.S. petroleum reserves was expected to end Oct. 31.
Congressman Jim Jordan (R-OH) took a shot at Biden’s failed economic policies on Twitter, saying “The only thing worse than the Mets collapse in the NL East is Joe Biden’s economy.”
The only thing worse than the Mets collapse in the NL East is Joe Biden’s economy.
— Rep. Jim Jordan (@Jim_Jordan) October 5, 2022
This story is developing…
BREAKING: Biden’s releasing 10 million more barrels of oil from our strategic reserves. Another bandaid on the gaping wound of the Biden caused oil crisis. https://t.co/R2td4300Tn
— James T (@Audioear) October 5, 2022