Is Giving Away the Farm a Smart Thing to Do?
Al Ritter
As we add yet another bad decision to a myriad of
Biden’s past choices, this one is one of his worst. The Strategic Petroleum
Reserve has a capacity of 700 million gallons, but starting in 2015 Congress
started robbing the Reserve to pay down the deficit, so as of this year it only
has 500 million in reserve.
Biden has declared that he will release our crude
reserves to Europe through an agreement with the International Energy Agency
signed into Law during the Carter Administration and endorsed by Henry
Kissinger. In this contract with 31 other countries it states that the United
States has to supply 43% of any sanctioned oil release by crisis.
In my opinion Europe’s high price for gasoline is not
a reason for a proclaimed crisis. The main hint comes in the name of the
operation STRATEGIC PETROLEUM RESERVE. This is to be used strategically mostly
for our military. We have a real national security problem right now, first in
our military not only on personnel but also in armaments already donated to
Ukraine...
Now Biden wants to release 1 million barrels a day of
oil to Europe to alleviate prices at the pump. Now he has offered 1 million per
day for 180 days. It doesn’t take a mathematician to understand that is 180
million barrels. This represents 36% of our stockpile, which will leave us with 300 million barrels, a new low since 1983!
This doesn’t even to take into account the fact that
depleted reserves need to be replenished at a higher market cost. This makes NO
sense whatsoever!
Biden’s concern should be for OUR national security
first, and why do we have to contribute close to half the amount of oil when 30
other countries should be contributing their fair share?!
This defies not only National Security common sense
but also financial common sense.
Read about the Reserves here:
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)
Read about the IEA here:
https://en.wikipedia.org/wiki/International_Energy_Agency
Watch Video here:
https://rumble.com/v1bdr85-tucker-carlson-calls-for-biden-to-be-impeached.html
5 comments:
He hasn't done anything that makes sense since he took office!
Of course this is not a good decision but try to find one that was
Isn't making our country more dangerous because of Nation Defense issues an impeachable offence? He's done it on so many different levels now, oil, military, and southern border invasion. I pray that November signals the beginning of his forced removal
Bad decisions surrounded Henry Kissinger and Jimmy Carter too!
The oil isn't Biden's to give away! It belongs to the American Taxpayer!
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