{"id":1703438,"date":"2022-10-20T10:21:27","date_gmt":"2022-10-20T14:21:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1703438"},"modified":"2022-10-20T10:33:42","modified_gmt":"2022-10-20T14:33:42","slug":"biden-says-hell-refill-strategic-oil-reserve-at-70-barrel-democrats-blocked-trump-from-refilling-it-at-24","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-hell-refill-strategic-oil-reserve-at-70-barrel-democrats-blocked-trump-from-refilling-it-at-24\/","title":{"rendered":"Biden Says He&#8217;ll Refill Strategic Oil Reserve at $70\/Barrel &#8211; Democrats Blocked Trump From Refilling It at $24"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/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%2Fbiden-says-hell-refill-strategic-oil-reserve-at-70-barrel-democrats-blocked-trump-from-refilling-it-at-24%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=1703438&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/content_GettyImages-1423992262.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>                 With fewer than three weeks until midterms, Joe Biden is releasing another 15 million barrels of oil from the U.S. strategic oil reserve in a desperate attempt to lower gas prices before voters head to the polls.\u00a0<\/p>\n<p>The <a href=\"https:\/\/www.nbcnews.com\/politics\/white-house\/biden-announces-sale-15-million-barrels-reserve-oil-rcna53006\">15 million barrels<\/a> are the last remaining barrels of the 180 million he authorized for sale in March &#8211; and there&#8217;s no reason to think he won&#8217;t authorize even more for release.\u00a0<\/p>\n<p>Biden did acknowledge that he&#8217;d drained the reserve &#8211; but said that his administration would begin to refill it once crude prices fall to <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/10\/19\/remarks-by-president-biden-on-actions-to-strengthen-energy-security-and-lower-costs\/#:~:text=The%20United%20States%20government%20is,price%20in%20the%20future%3A%20%2470.\">$70 a barrel<\/a>.\u00a0<\/p>\n<p>In March 2020 Donald Trump proposed purchasing 77 million barrels of oil to refill the strategic reserve to its maximum capacity when prices were <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/oil-2020-a-different-time\">$24 a barrel<\/a>. Democrats blocked the move, blasting it as somehow being a &#8220;bailout&#8221; for the oil industry.\u00a0<\/p>\n<p>The strategic reserve was already at its lowest level since 1984 before this announcement.<br \/>\u00a0\n<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This should be a gigantic scandal. <a href=\"https:\/\/t.co\/FkCExemq5Q\">pic.twitter.com\/FkCExemq5Q<\/a><\/p>\n<p>\u2014 Ekdahl Press Office (@EkdahlPress) <a href=\"https:\/\/twitter.com\/EkdahlPress\/status\/1582523182044438528?ref_src=twsrc%5Etfw\">October 19, 2022<\/a><\/p><\/blockquote>\n<p> When questioned if this obviously politically motivated decision was politically motivated, Biden denied the allegation, and said he was motivated &#8220;to make sure I continue to push on what I\u2019ve been pushing on.&#8221;<\/p>\n<p>The timing of this announcement aside, the U.S. uses roughly 20 million barrels of oil per day, so it&#8217;s unlikely to make the impact on prices that Biden hopes.\u00a0<\/p>\n<p>Matt Palumbo is the author of\u00a0<i data-stringify-type=\"italic\"><a data-remove-tab-index=\"true\" data-sk=\"tooltip_parent\" data-stringify-link=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" href=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" rel=\"noopener noreferrer\" tabindex=\"-1\" target=\"_blank\">The Man Behind the Curtain: Inside the Secret Network of George Soros<\/a><\/i><\/p>\n<hr \/>\n<p>Don&#8217;t miss The Dan Bongino Show\u00a0<br \/>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With fewer than three weeks until midterms, Joe Biden is releasing another 15 million barrels of oil from the U.S. strategic oil reserve in a desperate attempt to lower<\/p>\n","protected":false},"author":1,"featured_media":1703442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1703438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703438","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1703438"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1703442"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1703438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1703438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1703438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}