$20B & Years to Refill the Emergency Petroleum Reserves Biden Emptied

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In January of this year, President Donald Trump issued an executive order declaring a national energy emergency and directed the Department of Energy to refill the Strategic Petroleum Reserve (SPR) to its full capacity of 714,000,000 barrels.

Joe Biden drained the reserves to keep the price of gasoline down to help get Democrats elected. We now find out from the US Energy Secretary Chris Wright that it would take $20 billion and years to refill the SPR to its maximum capacity.

During a Power Lunch CNBC interview, Wright explained that Biden did it so fast, he damaged half of the structures.

“We are refilling the reserve now. We will continue to refill the reserve the whole time I’m in office.

“That was just such an irresponsible action, to drain that reserve so quickly for electoral reasons.

And in fact, it was drained so fast, it did some damage to the facilities. And so, right now, we only can fill two of the four major salt caverns we have, so we are doing repair work on the other two.

“We’re slowly filling the other two, and I’m trying to get some funds through Congress that’ll give us a longer-term runway to fill the strategic petroleum reserve at the fastest rate we can.”

 


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Alex FITCH
Alex FITCH
21 days ago

Young Americans don’t remember the Arab oil embargo, 1973.

Dur Poiguy
Dur Poiguy
22 days ago

All the more reason to try some democrats for treason. I understand a good portion of that oil was sold to China!

Frank S
Frank S
22 days ago

This is a really, really important story! Should be headlined everywhere. Thanks to M Dowling for doing the work lame and lazy legacy media stiffs refuse to do.

Canadian Friend
Canadian Friend
22 days ago

If the Main Stream Media were not the propaganda arm of the Democrat party, a lot more people would know about such things, and a lot less people would vote Democrat.

Dur Poiguy
Dur Poiguy
22 days ago

IDK, some of these morons are really really stupid!

Mrs. Sunshine
Mrs. Sunshine
22 days ago

I read in history books we used to publicly hang traitors.

ThinkAboutIt
ThinkAboutIt
22 days ago
Reply to  Mrs. Sunshine

And Tar and Feather bad politicians…