The Biden administration is in full on panic mode as the midterm elections are just several weeks away and gas prices are still high, threatening potential victories for Democrats in key races needed for them to maintain control of Congress.
So what is President Joe Biden going to do to try and prevent any sort of spike in the price of gas before folks head to the polls? He is apparently planning on releasing another 10 million to 15 million barrels of oil from our country’s emergency stockpile.
You know, Biden could have prevented this whole situation had he simply not closed down the Keystone XL Pipeline as soon as he stepped into the Oval Office. Not to mention the fact that he could have made it easier for folks looking to buy leases to drill for oil and natural gas. All of this would have produced jobs and stimulated the economy, while keeping gas affordable.
“The release of the Strategic Petroleum Reserve would be the latest portion of a 180-million-barrel program that started earlier this year, Bloomberg reported,” according to Fox Business.
“The administration is also expected to provide details this week regarding its plans to restock the emergency oil stockpile. The Energy Department announced in the spring it was planning a new method of buybacks to permit a ‘competitive, fixed-price’ bid process that would potentially lock prices in prior to crude being delivered,” the report continued.
“Temporary limits on exports of fuel so more gasoline and diesel will remain in the U.S. is also being considered by the administration. No timeline has been set for a decision on that step, but it will likely not happen before next month’s midterm elections,” Fox Business reported.
The United States actually has the lowest seasonal inventories of diesel, according to information that was collected for the first time back in 1982.
The suggestion being made to limit exports has caused a bit of trouble in paradise within the administration. Biden’s energy adviser, Amos Hochstein is all in when it comes to new export controls, while Deputy Energy Secretary David Turk has produced an outline of his concerns.
“Energy Department and White House officials have been quietly meeting this week with Exxon Mobil Corp., ConocoPhillips and other oil companies to inform them of what they can expect and to urge them to encourage the production of gasoline and diesel, according to Bloomberg,” Fox Business stated.
Representatives from the oil industry have come out and stated that putting limits on fuel exports might end up causing prices to go even higher in some parts of the nation, especially the northeast, which is a section of the country that relies heavily on imports.
Economic factors are playing a huge, huge role in determining who voters cast a ballot for this November. The left’s policies have taken a sledgehammer to the already deeply damaged system and it’s likely their policies are going to be judged in just a few weeks during the midterm.
Right now is the time conservatives should take advantage of opportunities they’ve been handed on a silver platter to remind the average voter what happened the last time voters decided to pull the lever for Democrats.