Breaking: Biden Panics Over Gas Prices

Strategic Petroleum Reserve

( – In an unprecedented move that oil and gas consultants and experts are calling a “panicked” decision, President Joe Biden and the Biden administration announced just moments ago that Biden would order that 50 million barrels of oil be released from the Strategic Petroleum Reserve (SPR).

The Strategic Petroleum Reserve is the supply of oil that the United States Department of Energy maintains for emergencies in underground tanks located in Texas and Louisiana. It is the largest known emergency supply in the world.

Energy industry analysts are shocked that Biden is releasing oil from the emergency stockpile and believe he is doing so to try and bolster his polling numbers that have been cratering to near record lows in recent weeks as the American people tire of paying near-record high prices for gasoline at their local filling station.

Noting the unprecedented nature of the move by Biden, the Daily Caller and CNBC are reporting this morning that “The SPR is a supply of oil kept for emergencies and hasn’t yet been used to help with oil prices, according to a CNBC report. While tapping into the SPR could help with prices for the short-term, its long-term results may be less effective, the report added.” [emphasis added by RCA editor]

What do you believe? Do you think this is a smart move on the part of President Joe Biden and the Biden administration? Or, do you think this is a panicked political move being taken because of Biden’s plummeting poll numbers?

© 2021