When President Biden decided to release significant portions of the Strategic Petroleum Reserve (SPR) – not for an emergency situation – but to temporarily lower gas prices for the midterm elections, he never restocked. It’s like borrowing your friend’s car with a full tank of gas, and returning it with only a quarter tank.
This chart from UP Fellow, EJ Antoni, helps illustrate the Biden’s energy mess he left behind.
The best way to avert price shocks from the never-ending turmoil in the Middle East is to make America energy dominant with our own abundant energy sources.
Steve Moore was recently on Fox discussing Biden’s folly of draining the SPR for political reasons. With an America First energy policy, eventually we won’t need an SPR.
After all, we don’t have a federal corn or steel or cattle reserve… but maybe we should shut up before we give the politicians any bad ideas…
Click the image below to watch the full video.