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RNC Research @RNCResearch
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In 2022, Biden claimed he had "a plan to refill the Strategic Petroleum Reserve" after draining it to its lowest level in four decades.
Today, they cancelled that plan because oil is too expensive.
10:51 AM · Apr 3, 2024 //
Not only are they paying more after they drained it, but they left it at its lowest point in 40 years, endangering our security for political reasons. It currently holds about 363 million barrels, down almost 600 million from the beginning of 2022. //
Brianna Lyman @briannalyman2
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Donald Trump wanted to fill the Strategic Petroleum Reserve in March of 2020 when oil was $24 a barrel.
Schumer called it a big oil bailout.
Biden will now pay about TRIPLE to fill the reserves after draining them to keep gas prices artificially ‘low’ for votes.
5:06 PM · Oct 19, 2022 //
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Viscount Montgomery of Arkansi
10 hours ago
“Nearly 1 million barrels of oil from the most recent sale, which was announced on June 14 2022, went to Unipec America, Inc. Unipec is a Houston-based subsidiary of Sinopec, an oil company owned by the Chinese government.”
DonR Viscount Montgomery of Arkansi
10 hours ago
Virtually 100% of the oil they bought wound up in China's SPR, because they understand why having a bunch of oil handy is a good idea. As far as why, well 10% for the big guy comes to mind.