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Home Front: Politix
Biden failed to top up oil reserves in the leadup to the election, but refilling will take years
2024-11-08
[JustTheNews] Some analysts had feared that President Biden would tap the stockpile again to address any increases in gasoline prices in the lead up to the Nov. 5 presidential election, as he did in 2022, which would end the DOE’s efforts to refill the SPR.
No worries. President Trump will encourage oil production again, and we’ll refill the reserve at a lower price than his predecessor sold. Probably within six months.
Posted by:Skidmark

#6  Biden is more likely to have one last sale for his friends. The parable of the wicked steward comes to mind.
Posted by: Super Hose   2024-11-08 13:00  

#5  Don’t even have to wait for new drilling to hit oil, Frank G — they can just open the stopcocks for all the 4-8 year old wells that President Biden ordered shut down. We were producing enough excess to sell to the world the last time President Trump lived in the White House.
Posted by: trailing wife   2024-11-08 11:34  

#4  ^ With what oil? They've restricted domestic production so much that supplies to refill will probably have to be imported. Drill, baby, drill
Posted by: Frank G   2024-11-08 10:35  

#3  There's still time for Biden to refill the reserves and break the budget.
Posted by: Skidmark   2024-11-08 10:22  

#2  Trump tried to refill it during his term when oil was cheap as I recall, but was hindered by 'others'.
Posted by: Mullah Richard   2024-11-08 08:32  

#1  "Biden failed..." Enough said.
Posted by: Whiskey Mike   2024-11-08 06:15  

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