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So, one of the first things the Joe Biden presidency did was shut down a bunch of oil pipelines. They claimed they were doing this as part of a grand scheme to change the weather.
This was very obviously going to lead to a rise in gas prices. That was actually the purpose of it – to force people to drive less by increasing the cost of driving.
But I guess they decided they went too far?
The Biden administration has asked some of the world’s largest oil consuming nations – including China, India and Japan – to consider releasing crude stockpiles in a coordinated effort to lower global energy prices, according to several people familiar with the matter.
The unusual request comes as U.S. President Joe Biden fends off political pressure over rising pump prices and other consumer costs driven by a rebound in economic activity from lows plumbed early in the coronavirus pandemic.
It also reflects U.S. frustration with members of the Organization of the Petroleum Exporting Countries and its allies who have rebuffed repeated requests from Washington to speed up their production increases.
“We’re talking about the symbolism of the largest consumers of the world sending a message to OPEC that ‘you’ve got to change your behavior,'” one of the sources said.
In Asia, where China said it is working on a crude release, oil prices extended declines prompted by the U.S. request, after settling on Wednesday further below seven-year highs struck in early October.
Biden and top aides have discussed the possibility of a coordinated release of stockpiled oil with close allies including Japan, South Korea and India, as well as with China, over the past several weeks, the sources said.
The US and allies have coordinated strategic petroleum reserve releases before, for example in 2011 during a war in OPEC member Libya.
But the current proposal represents an unprecedented challenge to OPEC, the cartel that has influenced oil prices for more than five decades, because it involves China, the world’s biggest importer of crude.
A Japanese industry ministry official said the United States has requested Tokyo’s cooperation in dealing with higher oil prices, but he could not confirm whether the request included coordinated releases of stockpiles. By law, Japan cannot use reserve releases to lower prices, the official said.
A senior cabinet official declined to comment.
China’s state reserve bureau said it was working on a release of crude oil reserves although it declined to comment on the U.S. request.
A South Korean official confirmed the United States had asked Seoul to release some oil reserves.
“We are thoroughly reviewing the U.S. request, however, we do not release oil reserve because of rising oil prices. We could release oil reserve in case of supply imbalance, but not to respond to rising oil prices,” the official said.
The U.S. share of any potential release of reserves would need to be more than 20 million to 30 million barrels to affect markets, according to a U.S. source who participated in the discussions. Such a release could be in the form of a sale or a loan from the U.S. Strategic Petroleum Reserve – or both.
Along with closing pipelines, there’s been a general attack on electricity usage, with the Democrats hopping up a totally discredited hoax claiming that using electricity changes the weather.
Again, this energy crisis is quite literally happening because of the Democrat agenda to make this precise thing happen.
Here’s a chart showing how US oil reserves have dropped below the ten-year average under Biden.
If they didn’t want this to happen, then why did they purposefully cause it to happen?
Well, they seem to be incompetent to the point that they cannot competently create crises on purpose.
The energy crisis is a repeat of the border crisis (on a much bigger scale). They came in with these kook ideas, and immediately implemented them, and created crises.
Before the Biden took over, AOC said she was going to shut down all fossil fuels and replace them with mysterious technologies that don’t exist yet in 12 years (now about 10, I guess).
They had to have known that shutting off pipelines would create a gas crisis, just like they had to know that announcing the border was open would create a border crisis. But I guess they didn’t know how big of a deal it would be? Maybe they thought they had more ideological support?
I don’t even know, frankly.
I don’t understand how they can be doing anything they’re doing if they care about public opinion in any way at all.
But calling on CHINA – the great enemy of Our Sacred Values of Gay Anal Rimjobs (Who We Are) – to release reserves in order to fix a disaster in America shows that they are definitely regretting what they’ve done.
