BREAKING: Biden Administration Cancels SPR Replenishment

Category: Power the Future Power the Future
Published: 03 April 2024 03 April 2024

Washington, D.C. - After draining the nation’s Strategic Petroleum Reserve (SPR) more than any other President in history, the Biden Administration announced today they are cancelling the purchase of replenishment barrels. The decision comes on the heels of news that American oil production fell by nearly 800,000 barrels a day from December to January this year.

“It’s pure insanity to watch the Biden Administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” said Daniel Turner, Founder and Executive Director for Power The Future. “Joe Biden drained the SPR for political reasons, cut our domestic production for his climate agenda and now he’s leaving our critical reserve more vulnerable because he’s incompetent. As a result, Americans are paying more at the pump, more at the grocery store and our SPR is less full during a time of rising turmoil in the Middle East.”

Since taking office, Joe Biden has drained nearly half of the Strategic Petroleum Reserve.

Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.

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