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U.S. Out Of Oil

by Market FinancePosted onOctober 18, 2022October 18, 2022

What are we doing?!?

At this point, it might be a smarter idea to just get a patient out of the mental asylum and appoint him the new president of the United States.

President Biden has just announced a new plan to release even MORE oil from the federal government’s strategic reserves to keep gas prices low heading into the midterms.

Bloomberg News just announced that President Biden has decided to release another ten million to 15 million barrels of oil from the U.S. Strategic Petroleum Reserve.

This officially means that President Biden has now released an astounding 200 million barrels of oil in under 2 years.

The U.S. Strategic Petroleum Reserve is at its lowest point since 1984.

Biden is doing all of this to prevent people from thinking about the gas prices heading into the midterm elections. They are already bracing for a big loss but if gas prices are high they will lose even worse.

If President Biden keeps doing this the United States won’t have any more oil to drain from our own reserves.

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