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When candidate Joe Biden promised while on the campaign trail that “we’re going to end fossil fuel,” could anyone have guessed that emptying the nation’s Strategic Petroleum Reserve was part of the plan? Maybe Biden had that in mind all along – enact policies that raise the price of gasoline, dip into the reserves to lower prices for consumers, then finally wring them dry for, putatively, the same reason. That’s one way to get rid of quite a lot of fossil fuel.
The federal Strategic Petroleum Reserve is “the world’s largest supply of emergency crude oil ,” says the Energy Department. It was created in 1975 by the Energy Conservation Act, “primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program.” The oil is stored in […]
— Read More: issuesinsights.com
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