Biden Drains Strategic Petroleum Reserve
Since taking office, Joe Biden has sold 274 million barrels from the United States Strategic Petroleum Reserve to keep gasoline prices low while he wages war on U.S. energy dominance. But despite draining 57 percent of America’s emergency stocks already, his administration is not finished.
Biden’s Department of Energy announced on April 3 that it would cancel a pair of oil purchases to refill the Strategic Petroleum Reserve, leaving America’s energy reserves dangerously low.
The Department of Energy originally said it would refill the Strategic Petroleum Reserve when oil prices hit $79 per barrel. But prices have remained above $86 per barrel, leading the White House to cancel the purchases.
All-time low: After the Organization of the Petroleum Exporting Countries refused to sell oil to America in the 1970s, the government established a reserve large enough to hold 727 million barrels of oil. It used this oil to get through prolonged crises like Operation Desert Storm, Hurricane Katrina and the First Libyan Civil War.
Since Biden took office, the Strategic Petroleum Reserve has fallen from 638 million barrels to 364 million. It may drop even lower unless the government starts buying oil soon.
A warning: Democrats want gasoline prices to drop so Americans will continue supporting them, but they do not want to increase oil drilling since their ultimate plan is to switch to green energy. So they are draining precious reserves the nation will need if it ever again experiences a 1970s-style embargo. This is dangerously shortsighted.
Almost 3,500 years ago, Moses recorded God’s promise to bless prophetic Israel (America, Britain and the Jewish state in the Middle East primarily) for obedience and curse it for disobedience. One of the many curses God said would come from disobedience was a trade siege (Deuteronomy 28:15, 49, 52).
To learn how foreign nations will use the world’s natural resources to attack and besiege America, read “Superpower Under Siege,” Chapter 5 in Ezekiel—The End-Time Prophet, by Trumpet editor in chief Gerald Flurry.
