Showing posts with label Crude Oil Prices. Show all posts
Showing posts with label Crude Oil Prices. Show all posts

Thursday, April 4, 2024

Bidenomics of High Crude Oil Prices Causes Biden to Cancel Strategic Oil Reserve Replenishment

DOE cancels purchases for strategic oil reserve

Snippet of Article: "The Department of Energy canceled two major purchases to refill the Strategic Petroleum Reserve on Wednesday — a signal that the Biden administration may slow or pause replenishment of the reserve as oil prices rise.

DOE will not award contracts to supply the SPR with a total of 3 million barrels of crude oil in August and September, as prices topped $84 per barrel of U.S. benchmark West Texas Intermediate. ..."



Source: www.eenews.net

Bidenomics,Biden Inflation,strategic oil reserve, Democrat Economic Fails, Crude Oil Prices, Destruction of Retirees,