© AP Photo / Matthew Brown"They could have picked up several hundred million barrels at $15, but because it was what President Trump wanted, Congress said no," Stewart told the media outlet.
The US Department of Energy (DOE) is currently buying three million barrels a month to refill the nation's SPR in the wake of Joe Biden's release of over 225 million barrels of oil between March 2022 and August 2023, dumping levels in the reserve to the lowest in 40 years.
Tim Stewart, president of the US Oil and Gas Association, alleges that Team Biden is doing nothing short of damage control ahead of the 2024 election given that the nation's depleted SPR has recently become the public's concern.
"Prior to 2022, the average person knew nothing about the SPR. That has completely changed. When the lovely 75-year-old blue-haired lady at church complains to me how Biden has drained the SPR - they must have caught the public's attention," Stewart told Just the News, an independent US media outlet founded by award-winning investigative journalist John Solomon.Apparently, the Biden administration would have bought "refill barrels" at a greater pace, but it is facing limits on how much crude can be funneled into the reserve per month. That means it will take a whopping 75 months to bring the SPR back to the level at which it was before US President Joe Biden started draining it.
Comment: So it would only take 6 years to bring the SPR reserves back to where they were when Biden came to office.
Comment: The current administration and for that matter most of Congress do not care what the consequences of their inept decisions are for the American people.
A country ruled by such pathological deviants can only go downhill until the masses wake up from the sleeping slumber. This process is well described in the book, Political Ponerology: The Science of Evil, Psychopathy, and the Origins of Totalitarianism
See also: