The Issue: President Biden’s launch of fifty million barrels of oil from the Strategic Petroleum Reserve.
Dipping into our oil reserves may lead to a short lived value drop at the pump, however President Biden’s actual goal is to appease his followers (“Rolling out the barrels,” Nov. 24).
The very first thing he did after he was elected was shut down the Keystone Pipeline. Next, he thwarted efforts for home oil manufacturing. That was a horrible transfer, as we’re nonetheless in the infancy of creating energies to change fossil fuels.
This ought to have been finished one section at a time. He continues to say these strikes weren’t a big contributor to our present excessive inflation. Anyone who believes this by no means took Economics 101.
While we have been as soon as vitality impartial and having fun with low gasoline costs at the pump, we’re once more being subservient to the Organization of the Petroleum Exporting Countries, which brought about the horrid shortages and lengthy gasoline strains in 1973 and ’74.
Marty Orenstein New Hyde Park
It seems that Biden and Sen. Chuck Schumer are prepared to put US residents at risk by searching for a short-lived political victory by tapping into the federal Strategic Petroleum Reserve.
Schumer is panic-stricken at the considered a problem from Rep. Alexandria Ocasio-Cortez.
First, Biden shut down our pipelines, begged OPEC for oil and waived sanctions on the Russian Nord Stream 2 pipeline, and now he faucets our oil reserve.
Michael Catarino Boiling Springs, Pa.
Biden’s launch of oil reserves to decrease gasoline costs and handle an issue he created is nothing greater than a publicity stunt.
It’s too little, too late and could have little to no impact on gasoline costs, and he is aware of it.
Robert Neglia The Bronx
The order to dip into the nation’s petroleum reserves to ease rising gasoline costs does nothing aside from make it appear like the president is “doing something.”
Under the prior administration, the United States was effectively on the highway to vitality independence. Within lower than a yr, Biden’s insurance policies have undone all that.
Shutting down the Keystone Pipeline and shifting to cease oil leasing on federal lands have created market circumstances leading to the present scenario.
Supply, demand and incentives are fundamental financial ideas of which this administration is both woefully ignorant or willfully blind.
Peter Kelly Hazlet, NJ
In the race to the backside of the “stupid presidents list,” Biden has now surpassed his mentor, President Barack Obama, by “fixing” our rising-gas-price drawback.
Joe’s resolution is to faucet our vitality reserves to launch 50 million barrels of oil. To the common American, that seems like an ocean of oil, however in fact it’s 2.5 days’ value of US consumption.
Biden can’t clear up the vitality disaster as a result of he can’t comprehend the drawback. Nor, it appears, can the financial dolts who encompass and advise him.
In the meantime, we are going to expend the 50 million barrels and proceed to lock down pipelines and fracking in the homeland, options so apparent they cry out for implementation.
Rich Klitzberg Boca Raton, Fla.
’Tis the vacation season, and our beloved president, Joe Biden, has given the American folks 50 million barrels of our reserve oil provide. This is to ease excessive oil costs, which he created. Like robbing Peter to pay Paul.
You can go to this point with this climate-control bologna. It hurts everyone, even the boobs who voted for him.
Democrats are the reason for this mayhem in America. Big authorities, larger taxes and socialism — that’s what’s in retailer for us when you enable these idiots to management your lives.
Edward Hedlund Cifton Park, NJ
Biden begged OPEC to produce extra oil, then tapped into our federal reserves.
All the whereas, the Untied States has a few of the largest oil and pure gasoline provides in the world.
Frank Asprea Brooklyn
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