Instead of unleashing more American energy, Biden has chosen to use America’s emergency reserves to solve his own political problems.
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President Joe Biden convenes the fourth virtual leader-level meeting of the Major Economies Forum on Energy and Climate at the White House in Washington, D.C., April 20, 2023.
Kevin Lamarque/Reuters
Last Wednesday, President Biden’s Department of Energy (DOE) canceled a pair of oil purchases to refill the Strategic Petroleum Reserve (SPR), leaving America’s energy reserves dangerously low at a time of global uncertainty.
The DOE originally planned to buy oil at $79 per barrel. But oil prices have stubbornly refused to cooperate and remain above $86 per barrel, leading the DOE to cancel the purchase.
About the Author
Andrew Follett conducts research analysis for a nonprofit in the Washington, D.C., area. He previously worked as a space and science reporter for the Daily Caller News Foundation.
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Last Wednesday, President Biden’s Department of Energy (DOE) canceled a pair of oil purchases to refill the Strategic Petroleum Reserve (SPR), leaving America’s energy reserves dangerously low at a time of global uncertainty.
The DOE originally planned to buy oil at $79 per barrel. But oil prices have stubbornly refused to cooperate and remain above $86 per barrel, leading the DOE to cancel the purchase.
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About the Author
Andrew Follett conducts research analysis for a nonprofit in the Washington, D.C., area. He previously worked as a space and science reporter for the Daily Caller News Foundation.
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