First, the amount Biden is going to release is a small fraction of the reserves that we have but it is a bit nerve racking in that we have so many potential military conflicts with China, Iran, and Russia. One of the main reasons for our oil reserves is so we aren't shut down during a time of war. It’s supposed to be for emergencies. I can get over them screwing up on this one but what’s scary is they don’t seem to recognize their failed policies when it comes to their aggressive, non-sensical, green energy initiatives. Common sense has been long gone from the Democratic Party.
Something democrats will definitely stay away from is the fact that we built our reserves during times of good oil prices, so when Biden brings in more oil to rebuild the mandatory reserve quantities that he’s sending out, it’s going to costs taxpayers over $600 million more dollars for the same product we were already stocking. I believe heads would roll in the private sector if an organization mismanaged $600 million dollars and lost it never to be recovered again. But no problem in the public sector, they just take more taxpayer money to bail them out of their issues and mismanage all of it again.
Democrats continue to lie about not hurting the oil trade with their policies. U.S. oil companies aren't producing less oil so they can jack up the prices, that would be ridiculous. The Biden Administration went as far as opening some land for oil exploration so he could boast about his energy policies since he was getting a lot of heat, but the oil companies have come back to say not a single sight is known to be a good source for oil exploration. They would lose money going through the expensive process of drilling for oil in areas they know make no sense. This is just a way for democrats to act like they're trying to help by saying they’ve created all these new drilling opportunities when it’s a scam. Are you surprised? By the way, The Wall Street Journal reported that Biden's leasing of federal property for oil drilling is down 98% from what President Obama was doing.
Each barrel of oil goes to a refinery to make various products from the crude oil. A lot of people think it’s just for gasoline when 47% of a barrel is processed into gasoline, diesel fuel and heating oil make up around 23% of a barrel’s byproducts, 10% is for jet fuel, and the rest of the products include asphalt, crayons, plastics, etc. Do you see electric planes in our future, or do you think oil is going to be extremely important for years to come?
I generally watch at least part of the Whitehouse Press Conference each day and every day they lie numerous times about what’s going on. Even many mainstream media reporters are getting frustrated by the lack of transparency and horrific number of mistruths (political word for lying), being told each day by the Biden Administration.
And what can they do about how bad the new White House Press Secretary is doing when she was given the job because she’s an African American woman who is also a lesbian? Instead of doing the right thing and firing her, they’ll bend to pressure from the Left not to fire her because of the color of her skin and her sexual orientation. See the irony? She’s still fulfilling her primary role of working for Biden in that she’s still black and she’s still a lesbian. The problem is that she was never vetted as to whether she had the skills necessary for the job, and I promise you, she does not.