Biden Admin: Just Kidding, We’re Not Refilling The Strategic Oil Reserves!

Last month, the Biden administration committed to buying up to 3 million barrels of oil to remedy the declining Strategic Petroleum Reserves (SPR).

Designed to be used for times of emergency, the SPR has seen a 43% decline since 2021, when the Biden administration started emptying the reserves as a way of offsetting rising gas prices around the country.

In a recent reversal, the Department of Energy stated the price of oil is currently too high and has halted the move to refill the SPR.

WOW: The Biden administration scrapped plans to refill the Strategic Petroleum Reserve because it would be "way too expensive."

Biden drained the SPR trying to relieve gas prices and ease the pain of Bidenflation on American consumers.

Reports indicate gas prices could hit… pic.twitter.com/tKysxwL6Vk

— The American Tribune (@TAmTrib) April 3, 2024

Some have called out the Biden administration’s decision to renege on the proposal as an example of their having questionable priorities.

Joe Biden drained our SPR to the lowest level in 40 years & now has canceled plans to refill it because it's "too expensive."

He has no problem spending millions on illegal immigrants & sending money overseas but lowering energy prices for Americans is where he draws the line.

— Congressman Jeff Van Drew (@Congressman_JVD) April 3, 2024

Filling the SPR that was drained for political purposes in order to protect American national defense:

Too expensive.

Billions spent on flights, hotels, meals and phones for illegals:

Moral imperative.

The Anti-American Biden regime in a nutshell.

— Western Lensman (@WesternLensman) April 3, 2024

Others have noticed that when Trump was in office, filling the SPR was somehow doable.

Schumer called it a big oil bailout when Trump moved to stock up our Strategic Petroleum Reserve in 2020 (when oil hit a record low).

Now the U.S. will have to pay nearly TRIPLE that just to replenish the SPR that Biden has drained to a 40-year low.

pic.twitter.com/pbEMMCzxhy

— 🇺🇸 Pismo 🇺🇸 (@Pismo_B) April 3, 2024

This news isn’t encouraging as the Biden administration, through their foreign intervention policies, has been doing everything necessary to stir up another big war.

If we're heading into WW3, you should be comforted to know our "leaders" in their infinite "wisdom" have refilled the SPR the entire yellow circle below. And now they've halted efforts as gas prices quickly reinflate.

We'll wait for you to get a magnifying glass.
h/t @zerohedge pic.twitter.com/RafJ7Ig7TQ

— Fix The Fed (@FixTheFed) April 3, 2024

Fox Business has more on Biden’s failure to refill America’s emergency supply of oil:

Overall, the president ordered DOE to release a total of about 260 million barrels of oil from the SPR in 2021 and 2022. Although the administration has recently initiated the process of refilling the reserve, Republican lawmakers and energy experts have warned its actions make the U.S. vulnerable to short-term supply shocks.

“It’s pure insanity to watch the Biden administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” said Daniel Turner, founder and executive director of watchdog group Power the Future.

“Joe Biden drained the SPR for political reasons, cut our domestic production for his climate agenda, and now he’s leaving our critical reserve more vulnerable because he’s incompetent,” he continued. “As a result, Americans are paying more at the pump, more at the grocery store and our SPR is less full during a time of rising turmoil in the Middle East.”