{"id":1708667,"date":"2022-10-24T06:30:05","date_gmt":"2022-10-24T10:30:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1708667"},"modified":"2022-10-24T10:03:45","modified_gmt":"2022-10-24T14:03:45","slug":"ny-post-editorial-board-bidens-spr-follies-will-hurt-americans-and-damage-our-national-security","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ny-post-editorial-board-bidens-spr-follies-will-hurt-americans-and-damage-our-national-security\/","title":{"rendered":"NY Post Editorial Board: Biden\u2019s SPR Follies Will Hurt Americans and Damage Our National Security"},"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\">30<\/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%2Fny-post-editorial-board-bidens-spr-follies-will-hurt-americans-and-damage-our-national-security%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=1708667&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:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/biden-oil-reserves.jpg?quality=75&#038;strip=all&#038;w=1024\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>President Joe Biden\u2019s latest politically timed release <a href=\"https:\/\/nypost.com\/2022\/10\/19\/biden-releases-15-million-barrels-from-oil-reserve\/\">of another 15 million barrels<\/a> from the Strategic Petroleum Reserve \u2014 when it was already at a 40-year low \u2014 is just the latest disgraceful move in a decades-long Democratic drive to pretend the SPR is a magic gas-price wand, which now leaves the reserve too depleted to serve its <em>actual<\/em>, important purpose.<\/p>\n<p>The SPR was created in 1975 to guard against attacks on the US oil supply, after the 1973-74 Arab oil boycott sought to blackmail America into abandoning Israel in the wake of the 1973 Yom Kippur War, which began with a surprise attack on the Jewish state and ended after President Richard Nixon sent Jerusalem critical supplies.<\/p>\n<p>In short, the reserve\u2019s purpose is to deter foreign powers from even trying to cut off the US oil supply. It\u2019s authorized to hold up to 714 million barrels in four Texas and Louisiana salt caverns along the Gulf of Mexico coast, near pipelines that can rapidly deliver the crude to US refineries.<\/p>\n<p>But the United States consumes around 20 million barrels of oil a day; the world, more than 90 million. America now produces about 12 million barrels a day, so a full SPR would let the nation go about three months if the rest of the world cut us off (assuming we had the capacity to refine it all, which sadly we don\u2019t). But it has a far more limited capacity to address a <em>global<\/em> oil shortage. <\/p>\n<p>Yet since at least the turn of the century, Democrats, led by New York\u2019s own Sen. Chuck Schumer, have pretended otherwise: It\u2019s Schumer\u2019s, and now Biden\u2019s, go-to whenever gas prices spike. <\/p>\n<p>Problem #1: Minor releases can\u2019t actually do much. Biden\u2019s latest 15-million-barrel move is supposed to counter the OPEC+ cut of 2 million barrels a day <a href=\"https:\/\/nypost.com\/2022\/10\/15\/joe-bidens-saudi-state-of-affairs\/\">after Saudi Arabia ignored his pleas<\/a> to hold off until after the November election. (The Saudis aren\u2019t doing Biden any favors after he vowed to make them a \u201cpariah\u201d state and renewed the Obama-era bid for a strategic partnershp with their arch-rival, Iran.)<\/p>\n<p>Do the math: This release won\u2019t make up the difference for more than a week or two.<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>And SPR releases can\u2019t do much more than that because Biden\u2019s been emptying it all year as part of of his <a href=\"https:\/\/nypost.com\/2022\/10\/19\/white-house-says-americans-saving-420m-at-the-pump-as-it-prepares-to-tap-strategic-oil-reserve\/\">futile effort to fight the inflation his policies caused<\/a>.\u00a0Plus, of course, <a href=\"https:\/\/nypost.com\/2022\/10\/05\/rather-than-white-house-whining-about-opec-america-needs-to-drill-baby-drill-but-biden-refuses\/\">his war on domestic production<\/a> has increased what America needs to import. \u00a0<\/p>\n<p>Also, Biden took office with a depleted SPR because, when oil prices went into freefall during the Trump years, oil-hating Dems refused to let the prez  refill the SPR \u2014 and <a href=\"https:\/\/nypost.com\/2020\/10\/23\/trump-slams-bidens-oil-transition-remarks-as-worst-mistake-in-debate-history\/\">doing so simply wasn\u2019t on the agenda when Biden came into office<\/a> as prices hadn\u2019t yet exploded.\u00a0<\/p>\n<p>For the record, President Barack Obama wasn\u2019t as foolish as Biden: When gas prices spiked on his watch, he embraced an \u201call hands on deck\u201d approach, letting US production surge (even fracking, though it infuriated the greens).<\/p>\n<p>Not Joe: This president won\u2019t abandon <a href=\"https:\/\/nypost.com\/2022\/10\/19\/biden-releases-15-million-barrels-from-oil-reserve\/\">his shameless pander to the Green New Dealers<\/a>; all he\u2019ll do is empty out the SPR to pretend to voters that he\u2019s addressing the issue. <\/p>\n<p>Meanwhile, the reserve is in no shape to protect the nation if it faces a real boycott or global supply crisis. Biden\u2019s all-politics, short-term thinking has left us all at risk.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s latest politically timed release of another 15 million barrels from the Strategic Petroleum Reserve \u2014 when it was already at a 40-year low \u2014 is<\/p>\n","protected":false},"author":1,"featured_media":1708670,"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-1708667","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\/1708667","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=1708667"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1708667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1708670"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1708667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1708667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1708667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}