In yet another stunning display of incompetence, the Biden administration has apparently drained the Strategic Petroleum Reserves to the tune of several million barrels of oil, ostensibly to lower gasoline prices for Americans.
Unfortunately, recent reports circulated in media outlets, namely Reuters, reveal that multiple millions of these barrels have not only ended up in Europe, but also to a large degree in China.
China has been widely recognized as an active partner in Russia’s ongoing onslaught of Ukraine, especially in terms of funding Putin’s war, rendering most Western sanctions meaningless.
Biden has long bragged about releasing upwards of one million barrels of oil per day from the strategic reserves, routinely failing to give credit to the Trump administration for replenishing the reserves in the first place.
Even worse, the president has made a rather ghastly, inaccurate claim that the release of millions of barrels of oil, which are intended for true emergencies, not economic quick fixes, will help “provide a historic amount of supply [of oil]” to Americans enduring extreme price increases at the pump.
According to data from the AAA, the average price of gasoline across the United States stands at $4.80 per gallon, or more than double the average price Americans paid during Trump’s presidency.
Humorously, the high prices persist due to the apparent giveaway to foreign nations, with Reuters reporting that at least five million barrels of America’s strategic supply were diverted to Europe and Asia.
The largest beneficiaries of the strategic reserves include the Netherlands, India, and China.
White House Press Secretary Katrine Jean-Pierre provided utterly ineffectual responses to the rising danger of draining the nation’s oil reserves, claiming that she had no awareness whatsoever of multiple million barrels of oil being shipped overseas.
Jean-Pierre claimed that she would “look into” the matter.
The Biden administration has drained the strategic reserves to their lowest level since 1986, placing the nation in a remarkably precarious position in the event of a true emergency.