This is insane!
In a stunning turn of events, President Biden was urged by Senate Majority Leader Chuck Schumer (D-NY) to tap into the U.S. emergency petroleum reserves to lower the heightening gas prices heading into the holiday season.
While this may sound like a good idea, according to The Hill, economists have strongly warned Biden to not do this because it would only serve as a temporary solution to the problem and could make matters worse in the long run. They in turn urged the Biden Admin to increase the country’s production capabilities.
What’s even worse is that Schumer then shocked the country and told Biden to END U.S. oil production once the oil reserves were released.
Schumer stated, “We need immediate relief at the gas pump and the place to look is the Strategic Petroleum Reserve… I’m urging the administration to tap that reserve, get the prices down, and then we have to embark on a full-time campaign to get us away from carbon fuels altogether.”
If Biden was to follow Schumer’s advice it would completely kill any and all gas and oil companies in the U.S. forcing us to rely on others for oil and eliminate hundreds of thousands of American jobs.