Report: Joe Biden to Announce Release of 10-15 Million More Barrels from Emergency Oil Reserves Before Midterm Elections; problem is, in my understanding, US uses 18-19 million per day; this is a joke
This is less that a day of oil! This is bollocks politics as usual and the Biden administration should put back all the damn oil it has drained from the SPR; and drill OUR eff in oil!
They are releasing less than a day of US consumed oil. What a joke.
We do not need that, we have our own.
Drill baby, drill!
SOURCE:
https://www.breitbart.com/politics/2022/10/18/joe-biden-oil-reserves-22370018/
How on earth do the democrats still think Joe is fit for purpose?
Seems we have a huge problem:
According to Rystad, the current resource replacement ratio for conventional resources is only 16 percent. Only 1 barrel out of every 6 consumed is being replaced with new resources
https://oilprice.com/Energy/Energy-General/The-Biggest-Oil-Gas-Discoveries-Of-2019.html
Oil Discoveries are at record lows https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icbkDFACM4iA/v2/800x-1.png