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Biden May Be Illegally Releasing Millions of Barrels of Oil from Reserves...

Started by G.L.R., Fri 22 Apr 2022

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G.L.R.

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

April 22, 2022


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

Biden released millions of barrels in these reserves but the beneficiaries were Asian countries and Europe. Now a former government worker under President Trump questions whether the release of this massive amount of oil from these reserves was even legal. 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, Mark Robeck — the former deputy general counsel for energy policy at the Department of Energy the Trump administration wrote. The law prohibits the release of emergency SPR stocks unless there is a severe domestic supply shortage, an act of sabotage or natural disaster. On March 31, Biden ordered the DOE to release a million barrels of oil per day for six months, the largest release in U.S. history... 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. 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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