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Biden May Be Illegally Releasing Millions of Barrels of Oil from US Strategic Oil Reserves to Its Lowest Level Ever

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(Joe Hoft) Joe Biden released millions of barrels of oil from the strategic oil reserves.  Now at least one expert questions if this was legal.

Related Watch: Joe Biden Can’t Remember How Long He Has Been in Office As President

Source – The Gateway Pundit

by Joe Hoft, April 22nd, 2022

The Gateway Pundit has reported on Biden’s actions related to the US strategic oil reserves numerous times.  Biden released millions of barrels in these reserves but the beneficiaries were Asian countries and Europe.

A former Trump administration official suggested that President Joe Biden’s recent release of 180 million barrels of oil from emergency stockpiles is unlawful.

Biden’s action violated the 1975 Energy Policy and Conservation Act which established the Strategic Petroleum Reserve (SPR), Mark Robeck — the former deputy general counsel for energy policy at the Department of Energy (DOE) during the Trump administration — wrote in a Washington Examiner editorial Thursday. The law prohibits the release of emergency SPR stocks unless there is a severe domestic supply shortage, an act of sabotage or natural disaster, he said.

“In short, Congress imposed a predicate circumstance of a ‘severe energy supply disruption’ for the president and secretary of energy to authorize the sale of crude oil from the SPR, and such a disruption simply does not exist right now,” Robeck wrote in the editorial. “The unlawful release of oil from the SPR threatens national security by depleting the SPR absent a true supply disruption.”

The article goes on to mention that US stockpiles under Biden put America at risk in case a real issue happens with oil availability, like a war between Iran and Saudi Arabia.  This is the kind of event that the stockpile was made for.

The SPR, designed to store 714 million barrels of crude for emergencies, is currently at less than 600 million barrels, its lowest level since 2002, according to the Energy Information Administration. A release of 180 million barrels is expected to take the stockpile to its lowest level ever.

Prior to 2021, the most recent SPR emergency release took place amid the Libyan civil war in 2011 when former President Barack Obama tapped the reserves as Middle Eastern oil supplies dramatically fell.

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About The Author

Joe Hoft

Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy.

Stillness in the Storm Editor: Why did we post this?

The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper.

– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.

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Source:

https://www.thegatewaypundit.com/2022/04/biden-may-illegally-releasing-millions-barrels-oil-strategic-oil-reserves-lowest-level-ever/

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