Biden’s New Midterm Oil Strategy
Can America afford this?
As you know, President Biden has made the decision to release several millions of barrels of oil from the United States Strategic Petroleum Reserves, however Democrats in New England are now asking Biden to release even more!
According to Fox, New England Democrats are asking Biden to release more oil because of the high possibility of disruptions and blackouts New England could face due to the lack of energy caused by the war in Ukraine.
The United States Reserves maintain around 1 million barrels of home heating oil and President Biden holds the ability to release any amount of it if needed.
Rep. Lori Trahan is leading a group of other Democrats who are asking Biden to release that oil to reduce home heating prices for New Englanders as we get closer to winter.
Trahan along with 18 other Democrats said to President Biden, “These market strains disproportionately impact New England households many of which depend on home heating oil to heat their homes. Families should not be forced to make hard choices about keeping loved ones warm and healthy and putting food on the table.”
President Biden has the legal authority to release this oil however it is unclear if he will just yet.
