Biden Depletes Emergency Oil Reserves and Refuses to Replenish

Written by on April 5, 2024

Biden Depletes Emergency Oil Reserves and Refuses to Replenish

#GoRightNews Shared by Peter Boykin

American Political Commentator / Citizen Journalist / Activist / Constitutionalist for Liberty


Like the Content? Please Support!


Cash App:$PeterBoykin1


Biden squandered our emergency oil reserves, now he won't refill it

Biden squandered our emergency oil reserves, now he won’t refill it


Biden Depletes Emergency Oil Reserves and Refuses to Replenish

Joe Biden has once again drawn ire for his administration’s decision to halt plans to refill the Strategic Petroleum Reserve (SPR), which he previously tapped into to manipulate gas prices ahead of the 2022 midterm elections.

What exactly is the SPR? It serves as our nation’s emergency oil reserve, intended for use during critical times such as wartime or natural disasters.

The lowdown: Just last month, the Biden administration’s Department of Energy announced intentions to purchase three million barrels of oil to kickstart the process of refilling the SPR. However, the plan came to an abrupt halt due to the soaring cost of oil.

When Donald Trump vacated the Oval Office, the SPR boasted a stockpile of 638 million barrels. Fast forward to Biden’s tenure, and that number has plummeted by 43%, leaving the reserve at a measly 363 million barrels – a dismal figure not seen in four decades.

Political maneuvering: As gas prices skyrocketed to over $5 per gallon (national average) in the lead-up to the 2022 midterms, Biden made a controversial move by offloading 180 million barrels from the SPR in a bid to artificially deflate prices.

A tale of contrasting leadership: While Biden opts to drain our reserves, Trump had proposed topping them up as he exited office, suggesting an injection of 77 million barrels while oil prices were at their lowest. However, Congress balked at providing the necessary funding.

Facing reality: Today, the national average gas price is steadily climbing, currently resting at $3.56. With the 2024 presidential election looming, there’s speculation that Biden might resort to selling off the remainder of the SPR if prices continue to surge. 🙃

[Source: Roll Call, AAA Gas Prices, EIA Gov, Fox Business]



This Article is Brought to you by Go Right News and Edited by Peter Boykin

Visit for More Articles and Visit to Learn more about Peter Boykin

Like what you see?

#GoRight with Peter Boykin

Follow Telegram

Follow on Kick

Follow on Rumble

Follow GoRightNews on Rumble

Follow GoRightNews on Rumble



#ncpol #NCpolitics #Boykin4NC #BoykinFor2024 #BoykinForNC

#Android #Apple #Trump #trumptrain #Trump2024 #TRUMP2024ToSaveAmerica #2024Election #election #election2023 #electionchallenge #ElectionIntegrity #ElectionsMatter #ElectionCommission #GoRightNews #GaysForTrump #tuesday #GoRight #ihatemondays #applemusic #applewatch #applepodcasts #ApplePay #appleiphone #bidenisnotmypresident #BIDENSAMERICA #BidenBorderCrisis #Bidenflation #Biden #BidenCrimeFamily #northcarolina #government #Governor #politics #political #politicians #politicalchallenge #politicalmeme


Shared by


Each Month GoRightNews Spends Hundreds of Dollars and Hours To Run This Site and Podcast, with no sponsors or ads this comes out of our pockets, if you like what you see consider donating to the podcast. Thanks!

Support The Podcast

#GoRight with Peter R Boykin


Donate To Support GoRightNews

GoRightNews's Twitter

Go Right News Facebook

Join Peter Boykin on Kick

Peter Boykin on Kick

Join Peter Boykin on Telegram

@RealPeterBoykin on Telegram

Join Peter Boykin on Facebook

Peter Boykin's Facebook

Join Peter Boykin on GAB

Peter Boykin's GAB

Support The Podcast and Website
To Donate to the Podcast (NOT THE CAMPAIGN)

Support The Podcast

[There are no radio stations in the database]