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As Americans are treated to news that President Biden is set to release 180 million barrels from the Strategic Petroleum Reserve (SPR), Bloomberg reporter Steven Dennis reminds us what a difference two years makes.
In March of 2020, former President Donald Trump wanted to fill up the SPR, and wanted to include in a stimulus package before Congress $3 billion to take advantage of oil prices that had fallen earlier that month.
Trump stated: “Based on the prices of oil, I’ve … instructed the secretary of energy to purchase , at a very good price, large quantities of crude oil for storage in the U.S. strategic reserve. We’re going to fill it right up to the top.” But filling up the SPR to the brim did not happen. Democrats, in their infinite wisdom, removed the $3 billion out of the stimulus package.
And they cheered and bragged about it. No Bailouts
At the time, Democrats bragged about getting the oil reserve funding stripped out of the bill . Then Senate Minority Leader Sen. Chuck Schumer (D-NY) called it “a $3 billion bailout for big oil.”
Environmental groups also cheered the exclusion of the funding . Michelle Chan, Vice President of programs with Friends of the Earth said, “The defeat of $3 billion exclusively for Big Oil is an important victory.”
Greenpeace USA Senior Climate Campaigner Jack Shapiro said, “Senators are finally listening. We’re glad to see them abandon the idea of ‘filling up’ the Strategic Petroleum Reserve at Trump’s request.”
Whoops. A National Security Issue Donald Trump’s attempt at filling the SPR was the first time it had been attempted since George W. Bush ordered it filled to capacity immediately after 9/11.At the time of Trump’s proposal, White House energy advisor at the National Security Council in the Bush administration Bob McNally said, “Better to […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
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JD Rucker