Daily wire

Remember The ’70s Oil Crisis: Biden’s Reluctance To Restock America’s Oil Reserves Should Be A Massive Red Flag

Despite the best efforts of the Biden administration to move toward green alternatives, oil remains a vital commodity to not only the American economy but also global civilization in general. Easy access to the substance can be the deciding factor between a country’s prosperity and its descent into chaos and poverty.

On Tuesday, the Biden administration announced that it had canceled plans to help refill the Strategic Petroleum Reserve, citing a rise in crude oil prices to $85 a barrel. The government had previously announced in March that it would solicit up to 3 million barrels for a facility in Louisiana as part of its efforts to resupply the SPR.

The Energy Department claimed to be “keeping the taxpayer’s interest at the forefront.” The agency said, “We will not award the current solicitations for the Bayou Choctaw SPR site and will solicit available capacity as market…

Read more…

Related Posts