{"id":1416354,"date":"2022-04-02T19:14:58","date_gmt":"2022-04-02T23:14:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416354"},"modified":"2022-04-02T19:15:00","modified_gmt":"2022-04-02T23:15:00","slug":"brooks-im-guardedly-skeptical-biden-oil-reserve-release-will-do-much-opec-can-just-limit-supply","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brooks-im-guardedly-skeptical-biden-oil-reserve-release-will-do-much-opec-can-just-limit-supply\/","title":{"rendered":"Brooks: I&#039;m &#039;Guardedly Skeptical&#039; Biden Oil Reserve Release Will Do Much, OPEC Can Just Limit Supply"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbrooks-im-guardedly-skeptical-biden-oil-reserve-release-will-do-much-opec-can-just-limit-supply%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416354&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>On Friday\u2019s \u201cPBS NewsHour,\u201d <em>New York Times<\/em> columnist David Brooks said that Strategic Petroleum Reserve releases \u201cnever\u201d work and he is \u201cguardedly skeptical\u201d that President Joe Biden\u2019s plan to release from the SPR \u201cis going to do much\u201d to lower gas prices.<\/p>\n<p>Brooks stated, \u201cPresidents always do this. They always release from the reserve, and it never works. Now, in Biden\u2019s \u2014 to his credit, this release is way bigger than any other president has done. And so, they\u2019re trying to dump stuff on the market. And they\u2019re saying that it may produce a 10, 15, 20 percent gain per gallon at the pump. And so, that would have some effect. That is far from certain. Because when we release from the reserve, the markets think, well, they\u2019re releasing now, but they\u2019re going to have to put back in the reserve. And so, the markets can think long-term and think, well, that\u2019s not going to really reduce demand. Second, we\u2019re not the only people producing oil\u2026OPEC could say, we want to keep prices up. If they\u2019re releasing, we\u2019ll just limit our supply for a little while. And so, there are plenty of other actors who have the chance to mess with our plans.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>He concluded, \u201cAnd so, I remain, I guess I would say, guardedly skeptical that this is going to do much for the people who are paying 60, 70 bucks to fill up their tank.\u201d<\/p>\n<p><em>Follow Ian\u00a0Hanchett on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday\u2019s \u201cPBS NewsHour,\u201d New York Times columnist David Brooks said that Strategic Petroleum Reserve releases \u201cnever\u201d work and he is \u201cguardedly skeptical\u201d that President Joe Biden\u2019s plan to release<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1416354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1416354"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1416354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1416354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1416354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}