We’re finally getting an answer to a question that we’ve been posing here for more than a year. Does Joe Biden ever plan on replenishing that nation’s Strategic Petroleum Reserve, now that he’s drained it down to levels not seen since Jimmy Carter was in office? Thankfully, the answer appears to be yes, though it’s going to take time, not to mention a tremendous amount of money. In February, Biden will order a delivery of three million barrels of oil to be pumped back into the reserve. That may sound like a lot, but keep in mind that Biden released almost 200 million barrels from the SPR over the past year. Replenishing it by three million barrels at a time is going to take many years. And that assumes that there will be enough oil available. (Politico)Read More
What will it cost us to refill the Strategic Petroleum Reserve after Biden drained it?
