The Strategic Petroleum Reserve is being used as a Democratic midterm strategy.
In less than one year, the U.S. has gone from being energy independent to once again begging at the feet of OPEC and dipping into our Strategic Petroleum Reserve. The U.S. Energy Information Administration estimates that the price consumers pay for natural gas will increase by 30% in 2021. This is followed by fuel oil up 43% and propane up 54%.
Our current administration likes to lay the blame on COVID-19 and/or greedy Big Oil.
But could it be that President Joe Biden's misguided energy policy of weaning us off fossil fuel is to blame? Immediately after taking office he closed down the Keystone XL pipeline and took steps to curtail fossil-fuel exploration on federal lands. One of the results is that fossil-fuel production in the U.S. decreased by 6% this last year, according to the U.S. Energy Information Administration.
President Biden recently authorized the release of 50 million gallons of oil from our Strategic Petroleum Reserve (a three-day supply of our energy needs) after failing to convince OPEC to increase production. This was paramount to murdering your parents and then throwing yourself on the mercy of the court as an orphan.
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Mike Koranda
Duluth
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