President Biden thought he would get away with his plot to scam the American people. But the truth is coming out.
Because now Joe Biden’s been caught scamming Americans in this massive scandal.
In March 2021, Americans saw gas prices soar to levels not seen in decades. And in some areas, they reached new all-time highs.
Americans paying upwards of 2-3 times more at the gas pump than they were under the Trump administration absolutely tanked Biden’s approval ratings.
And his ratings were already under the water before gas prices skyrocketed, thanks to his fumbling of the Afghanistan and rampant inflation on all consumer goods.
So when his approval ratings flirted with the low 30s, Biden and his administration knew they had to do something drastic before the 2022 midterms to prevent a massive red wave that has been predicted by analysts.
Biden’s solution? Drain the U.S. strategic reserve of oil to bring gas prices down to hedge against the insane gas prices that Americans were struggling with.
It’s obvious he’s doing it to save himself and the Democrats from completely falling apart at the seams.
And now Biden will be announcing a release of 15 million more barrels of oil from the U.S. reserves, just before Americans head to the ballot boxes.
What makes this particularly scammy, is that the release of the 180 million barrels of oil was only supposed to last six months. Instead, it’s stretched eight months from March to now October, conveniently during election season.
Newsmax reports:
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections.
Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday on the condition of anonymity to outline Biden’s plans. It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months. That has sent the strategic reserve to its lowest level since 1984 in what the administration called a “bridge” until domestic production could be increased. The reserve now contains roughly 400 million barrels of oil.
Newsmax also notes that Biden apparently plans to keep the idea of more releases of oil during the winter on the table.
The U.S. strategic oil reserves are at 40-year lows with just 400 million barrels of oil on tap.
While Biden says that the federal government will restock the reserves when prices come down, there are currently no plans in the pipeline to do so.
And it sounds like there could be more draining of the reserves this winter, presumably if the Democrats are still coming under heat for high gas prices.
The reality is that there are oil sources that are untapped in areas like Alaska that Joe Biden and the Democrats are refusing to harvest.
Promising federal leases are being denied by the Biden administration, likely in an attempt of the Biden team to keep their campaign promise to block any new drilling on federal land.
But apparently, supply and demand are too difficult for the Biden administration to understand.
Stay tuned to Prudent Politics.
