ABC News’ Rachel Scott and Yahoo! reporter Alexis Christoforous give insight into President Joe Biden’s release of oil from the U.S. Strategic Petroleum Reserve to ease gas prices and inflation.
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#ABCNL #Inflation #GasPrices #U.S.Oil
let's go brandon!
Biden is releasing 50 million barrels over the next few months which will have zero effect. In 2020, the United States consumed an average of about 18.19 million barrels of petroleum per day, or a total of about 6.66 billion barrels of petroleum per year. What idiot thinks this will lower prices only 32 million go to lower price the other 18 million they are selling to other countries. Florida and the entire east cost has ports why will companies not go to other ports. This makes no sense.
So OPEC can cut production more as the reserves run dry raising prices even more…Unbelievable
Biden and this whole administration are idiots.
He's going to release even more oil from our strategic reserves, so what happens the Saudis are going to produce less oil.
So what's our strategic reserves are depleted and we are beholding to the Saudis you watch gas prices go to 5 to $6 a gallon.
If there was ever a real case for impeachment this president has definitely stepped across that line.
We have more natural reserves of oil underneath our country here in the United States than any other country
I'm a dislike button, liking me means you dislike the video😉
While I am sure that some people knew about our reserves, but I hate it when our government is so stupid they feel the need to make an announcement and name the city where these reserves are. What happened to the old days when the government use their brains and did not release information like that? Surely, Biden knows that our enemies listen to all of our news. What is Biden trying to prove? China has already said that they do not see the need to compete with us. Yet, Biden feels that he has to make the U.S. look like the world power. We all know that is not true. Just look at our armed services- murders, crime within the ranks, disorganization when they were pulling out of Afghanistan. (Yes, Joe-Joe is to blame, as well.) The North Korean army and China army both put ours to shame. No, I am not a Trump (gag me) and I am definitely, not a Joe-Joe backer. Independent here.
The U.S. uses on average 20 million barrels of oil a day, the U.S. reserve is 605 million barrels roughly 30 days of oil and then there will be nothing left in the reserve. This will make the U.S. totally dependent and at the mercy of the oil producing countries, is it wise to have nothing for the nation to fall back on?..nothing? the country will come to a grinding halt without oil.
Why not tap the solar and wind reserves?
Another wave, of immigrants…100,000 plus. Impeach Biden immediately! SAVE ARE JOB OR YOU WILL BE LIVING ON THE STREETS.
I Dislike this video(joe biden)
THERE IS NOT ENOUGH CHEAP OIL LEFT TO SUSTAIN SOCIETY THE WAY IT WAS
Brandon is a clown! Jill needs to change his diapers.
36% to China – another anti-working class (anti-human rights) move from our corrupt globalist "government"
Liberal media disabled the dislike button with everything related to Biden. Surely, they will inflate the like button. The media is a joke.
Prices may go down 10 cents, phocking loser.
Corn Pop and his sunroof Cadillac thank you Sleepy Joe.
Hope there isn't another Cyber attack!
He hasn’t authorised anything… ? He’s a man who reads words from a teleprompter, that’s it. Why are these people living in a pretend world?
The SPR is an insurance policy for our military, in a scenario that could cut off supply during war… NOT something to be drained because the President's poll numbers are tanking & midterms are approaching. This 🤡 shut down domestic energy production!
👎
LET'S GO BRANDON!!!
Absolutely nothing. That’s 3 days supply. Total failure on all fronts. Worthless for America.
Creepy joe briben is a shameful fraud leader in Washington?,.,
This entire administration is just stupefyingly inept at their jobs. What are they doing? What are his advisors doing? What is going on with his intelligence teams? Just amazing how unaware they all seem of basic economic principles.
Dementia Joe destroyed President Trump's energy independence.
Too little Too late
Why would you use up your reserves? Why not just increase energy production like Trump do? Why do anything if your so worried about greenhouse gases? Why be such a hypocrite?
Biden is a dumbarse, he is releasing large chunks of oil reserves to Russia and China who currently need the oil reserves for their plans of invasions.
One of the things holding China back right now from invading Taiwan is literally a petrol crisis they have and USA is going to help them out with that now while also telling Taiwan they support their Democracy.
It's a big joke. I actually can't believe it.
Biden sucks!
Expect the price to go down for 3 whole days.
The 3 days you will be sitting at home anyways.
What a hero.
Let's Go Brandon!
Yea we were energy independent . Now we have to get OPEC to produce more. This is plain Stupid. Go Go Brandon
It won’t impact anything.
America uses on average 18 million barrels a day
Trump ‘s legacy of tariffs and sanctions…
The amount Poopie Pants is releasing will last the Country 2 Days. What a Sorry Demented Lying Idoit. FJB
Wage shortage ho. Get it right
The fact that he has no tools, tells you, he runs absolutely d..k
MAJOR SIGN, your country is not ok, and will not be ok. Save money, save food, dry and canned goods, they have effed it. And they truly cant un-eff it.
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50 million barrels. Oh wow. How generous….we have no government anymore just a circus….
Does any body doubt that white house is returning favors to specific countries? Biden is about to make a communist currency komptroller! and she wants to get rid of banking system. In confirmation hearings she said several times what she wrote is not what she meant. Which 2 countries will benefit if Biden gets rid of emergency oil reserves?
just reopen the critical pipeline you shut down after you were sworn in, it would clear up this whole fucking mess
Biden like Trump is working for the rich and doing nothing to improve the lives of the working -class with the help of corporate media.
Short term fix.
This will fail so bad and make Biden look even stupider. What a clown show
Dislike
Who's here for Bidens monthly grain of salt.
He made the problem now he wants to pretend he's fixing the problem what a f**** ass hole !
Try not to laugh, Uncle Joe – Next Level https://www.youtube.com/watch?v=NLNLY5zB5i4
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He closed the gas and oil pipes which made thousands lose their jobs, and gas and oil and food prices skyrocketed. Why did Biden take America from being the world's leader in gas and oil production, to gas and oil shortages across the country, and coming into Christmas and Winter? His Motorcade uses more gas than people can afford in a lifetime. His Plane uses even more. Will he trade them in for a Horse and Cart and a Hang-glider? Makes one wonder how he won an election from his bunker in the first place. Only he was present.