[ April 17, 2026 ]
Draining our oil reserves as the world teeters on the brink of world war is the act of an enemy.
Joe Biden shut down our oil production and has been using our emergency oil reserves as his own personal piggy bank.
“Joe Biden sold oil to the Chinese Communist Party when the CCP was stockpiling oil for its own strategic use, and while Americans are paying higher and higher prices for fuel because of the Biden administration’s disastrous energy policies,” Ted Cruz said.
The Strategic Petroleum Reserve has 372 million barrels of oil left. Joe Biden plans to release 26 million more barrels. We use 20 million barrels per day. America will be left with just 17 days of consumption in reserves.
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US Strategic Petroleum Reserve (SPR) lowest since November 1983. Biden administration will drain 26 million barrels more from the SPR.
The daily consumption is roughly 20 million barrels per day, so the SPR will be reduced to just 17 days of consumption and roughly down 50%… pic.twitter.com/3M0GH2POPz
— Wall Street Silver (@WallStreetSilv) February 14, 2023
Bloomberg: The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized. The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter. The sale is in accordance with a budget mandate enacted in 2015 for the current fiscal year, said a spokesperson for the Department of Energy. The Energy Department has sought to stop some of the sales required by 2015 legislation so that it can refill the emergency reserve, which currently has about 371 million barrels. After this latest release, the reserve will dip to about 345 million barrels (Bloomberg). Newsmax: The department had considered canceling the fiscal year 2023 sale of the 26 million barrels after the Biden administration last year sold a record 180 million barrels from the reserve (Newsmax).
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