Fox News contributor Karl Rove commented Tuesday on the Biden White House announcement that the Department of Energy would launch 50 million barrels of oil from the Strategic Petroleum Reserve so as to lower gas prices. When requested by host Sean Duffy on “Fox News Primetime” about whether or not President Joe Biden was “telling … the truth that the rising gas prices are not his fault,” Rove responded, “No. Baloney!”
Rove: The gas prices are up 61 % for the reason that time that [Biden] took workplace. Part of it’s due to the overhang of the pandemic. But the opposite a part of it’s the anti-energy actions that this administration has taken; placing a halt on new leasing, taking ANWR off the desk, … saying they are going to have new taxes and rules.
This complete factor is a kabuki – it’s a faux motion to try to appear to be they’re doing one thing about it.
Think about this: 50 million barrels. Now, in actuality, it is 32 million barrels as a result of 18 million barrels had been already licensed by Congress to be offered so as to achieve income for the federal government to pay for … a part of the spending program. So it is solely 32 million barrels. Now, why is that essential? Because America makes use of 19 million barrels of oil a day, so that they have simply between the 32 million that the administration [is releasing] … and the 18 million that Congress already informed them to promote to earn money. That’s 2.6 days price of vitality for the United States – oil and gas.
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