President Joe Biden’s decision to release up to 15 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) is an abuse aimed at using the world’s largest such resource to protect vulnerable Democrats from voter wrath over high gas prices. That’s the view of a host of congressional Republicans reacting to the Chief…
Republicans Blast Biden’s Latest Oil Reserve Release; Vocal Support Among Democrats is Sparse
October 20, 2022
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House Energy and Commerce CommitteePoliticspresident joe bidenRep. Cathy McMorris RodgersRep. Frank PalloneSen. Joe ManchinSen. John BarrassoSenate Energy and Natural Resources CommitteeStrategic Petroleum ReserveUSUS News
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McCarthy Calls for Legal Curbs on Using SPR Oil Releases for Political Purposes
October 20, 2022
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Business & MarketsDemocratseconomyenergyExecutive Branchinflationmidterm electionPoliticsRepublicansStrategic Petroleum ReserveUSUS News
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House Minority Leader Kevin McCarthy (R-Calif.) has called for legal safeguards to prevent the nation’s Strategic Petroleum Reserve (SPR) from being used for political purposes after President Joe Biden decided to release more oil from the stockpile to push down pump prices ahead of the midterm elections. McCarthy made the remarks during an Oct. 19…
White House Signals ‘Significant’ Drawdowns From Strategic Reserve Beyond 180 Million Oil Barrels
The White House on Tuesday signaled “additional significant” drawdowns from the U.S. Strategic Petroleum Reserve (SPR) beyond the 180 million barrels announced in March. But an expert says these drawdowns “failed to control oil prices.” The final 15 million barrel tranche of the total 180 million barrel SPR drawdown is expected to be announced Wednesday, according to…
Biden’s Anti-Drilling Policies Have Cut Oil Supplies as Much as the OPEC+ Decision, Study Reveals
October 7, 2022
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anti-drilling policiesBusiness & Marketseconomic policieseconomyenergyinflationoil suppliesOPECPoliticsStrategic Petroleum ReserveUS
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President Joe Biden’s anti-drilling policies have cost the United States about the same rate of daily oil production that was recently slashed off world markets by members of the Organization of the Petroleum Exporting Countries (OPEC). “The United States would be producing between 2 and 3 million more barrels of oil a day and between…
Gasoline Prices Jump as Supply Uncertainties Mount
September 21, 2022
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Business & Marketscrude oileconomic policieseconomyenergygas pricesinflationMarketsrecessionStrategic Petroleum ReserveUSUS News
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The three-month streak of falling gas prices may be coming to an end after 14 consecutive weeks, as uncertainties regarding crude oil supplies begin to mount. After declining for 99 days, the national gas average rose slightly, to $3.68 a gallon, on Sept. 21, according to AAA, a sign that fuel costs may begin to rise again….
Depleting America’s Emergency Oil Supply to Elect Democrats
September 17, 2022
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Commentary In the film “All the President’s Men,” Washington Post reporters Bob Woodward and Carl Bernstein’s shadowy source, “Deep Throat,” says, “follow the money.” Some point to evidence that there really was no Deep Throat, or that there were actually half a dozen Deep Throats, but what the supposed source actually says in Woodward and…
US Emergency Oil Reserves Fall to Lowest Levels Since 1984
The U.S. Strategic Petroleum Reserve (SPR) has declined to its lowest level since November 1984, according to the latest data from the Energy Information Administration (EIA). In the week ended Sept. 2, the nation’s emergency crude stockpiles totaled 442.5 million barrels. It has not been this low since late November 1984, when the SPR hovered at around 441…
Senate Democrats Block Amendment to Massive Spending Bill to Prevent US Oil Sales to China
August 10, 2022
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ChinaChina Business & EconomyChinese RegimecongressDemocratsInfiltrating the WestJim InhofeJosh HawleyPoliticsRepublicansSpecial TopicsStrategic Petroleum ReserveTed CruzUSUS NewsUS-China relations
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Forty-six Senate Democrats recently rejected a GOP legislative amendment to block the Biden administration from selling oil from the United States’ strategic reserve to the Chinese regime. Sen. Ted Cruz (R-Texas) offered the amendment during a “vote-a-rama” process, which lasted nearly 16 hours from Saturday evening until Sunday afternoon, when senators voted on many amendments…
Senate Democrats Block Amendment to Massive Spending Legislation to Prevent US Oil Sales to China
August 10, 2022
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ChinaChina Business & EconomyChinese RegimecongressDemocratsInfiltrating the WestJim InhofeJosh HawleyPoliticsRepublicansSpecial TopicsStrategic Petroleum ReserveTed CruzUSUS NewsUS-China relations
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A total of 46 Senate Democrats recently rejected a Republican legislative amendment to block the Biden administration from selling oil from the U.S. strategic reserve to the Chinese regime. Sen. Ted Cruz (R-Texas) offered the amendment during a “vote-a-rama” process, which lasted nearly 16 hours from the evening of Aug. 6 until the afternoon of…
EXCLUSIVE: US Oil Sales to China Could Be ‘Unlawful Activity,’ GOP Lawmakers Tell Biden
July 26, 2022
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Asia & PacificbidenBusiness & MarketsChinacongresseconomic policieseconomyenergyFinance & Business TiesOiloil reservePolicies & ImpactsPoliticsRepublicansSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsUS-China relationsWorld
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Republican lawmakers are pressing President Joe Biden to make clear whether he had a role in auctioning off oil from U.S. emergency reserves to a Chinese entity that has been previously linked to his younger son. Rep. Ralph Norman (R-S.C.) on July 26 led a letter flagging the sale of U.S. strategic oil reserves worth…
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