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Biden Releases 30 Million Barrels of Oil from Reserves while Pushing Zero Emissions

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On Tuesday, the International Energy Agency (IEA) held an emergency meeting to respond to Russia’s advancement in its invasion of Ukraine. U.S. Secretary of Energy Jennifer M. Granholm released a statement following the meeting:

“Today, I chaired an emergency ministerial meeting of the International Energy Agency (IEA) – founded 50 years ago by the U.S. and other allies – where the United States and 30 other member countries, supported by the European Commission, agreed to collectively release an initial 60 million barrels of oil from strategic petroleum reserves. This decision reflects our common commitment to address significant market and supply disruptions related to President Putin’s war on Ukraine.”

The statement continued that “President Biden authorized me to make an initial commitment on behalf of the United States of 30 million barrels of oil to be released from the Strategic Petroleum Reserve. We stand prepared to take additional measures if conditions warrant.”

“We will continue advancing ongoing efforts to accelerate Europe’s diversification of energy supplies away from Russia and to secure the world from Putin’s attempts to weaponize energy supplies.”

Instead of any admittance that the United States is energy dependent on foreign oil, Granholm touted the Biden administration’s obsessive push for electric energy. The statement reads:

“The United States believes that investing in clean energy is the best way to reduce domestic and international dependence on Russian oil and gas. Clean energy technologies are available and cost-effective today and offer the surest path towards a world where energy supply cannot be used as a means of political coercion or a threat to national security, and where families and businesses are protected from volatile prices and markets. Accordingly, we continue to support ambitious international clean energy goals and near-term action, including strong domestic climate action, and the pursuit of a net-zero emissions economy by 2050.”

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7 Comments

7 Comments

  1. Keith Christy

    March 2, 2022 at 9:31 am

    STUPID S.O.B.!! JUST START THE PIPELINES UP AGAIN & QUIT KISSING ASS!

  2. Lisa Bell

    March 2, 2022 at 9:39 am

    Appeasing foreign interests ahead of domestic needs, is the hidden outcome and the net value is killing the US economy, placing the largest burden on the working class.

  3. Jim daniel

    March 2, 2022 at 9:44 am

    4 or 5 days of oil supply? The fact that the U.S. allows these creeps running the country are allowed to get away with this crap Saya hard truths about America.

  4. Alabaster Mc Gillicuddy

    March 2, 2022 at 11:12 am

    Does this seem stupid to anyone else? We have a national petroleum reserve for emergencies. The world is proposing to release 60 million barrels of petroleum to stop the price increases. How much is 60 million barrels equal to in world usage? Probable a day maybe two?? There is enough oil/ natural gas in the ground to leave Putin high and dry. Yet we refuse to use it because of climate change yet no one can define what climate change really is. They say the world is getting hot! Maybe the world is returning to the temperatures of a few hundred thousands of years ago. Over the past few thousands of years we could have been in a climate change and the world got cooler. Now it is just returning to the original temperatures that are hotter than we are used to. Use the damn oil that is in the ground! Quit screwing around!!!

  5. Daniel Kahawaii

    March 2, 2022 at 4:55 pm

    THIS Strategic Petroleum Reserve
    : wouldn’t by chance be the stores Trump was PAID to have and to hold?

  6. Michael Souther

    March 3, 2022 at 9:35 am

    Biden has To be the most corrupt and stupidest SOB on the planet. The dirt bag is a puppet for the nit wit marxists. Allowing the purchase of Russian oil and feeding Vlad the destroyer Putin and his megalomania. The USA is going down the drain.

  7. George

    March 3, 2022 at 10:48 am

    BFD!

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International

Iran and Iraq sign controversial five-year contract to continue export of natural gas

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Despite the Biden administration having ‘strongly suggested’ that Iraqis find other ways solve their production problems, they have signed a new deal with Iran. Iraq’s ministry of electricity announced a finalized agreement on Wednesday, of which the Iran regime has signed a five-year contract to continue the export of natural gas for use in Iraq’s power generating plants.

Iraq will import up to 50 million cubic meters per day of the vital fuel; prior, Iraq had been procuring approximately half of that amount from Iranian suppliers, according to The Foreign Desk News.

The outlet notes this relationship between American adversaries has often brought criticism from Washington because the imports and their payments are subject to U.S. sanctions. The government in Baghdad must ask for waivers from the State Department to complete their purchases.

The Foreign Desk News goes on to explain:

Iran’s national gas company has been provisioning their neighbor for the last 10 years, as Iraq has long suffered domestic production problems due to corruption and inadequate infrastructure.

Most of the natural gas that Iraq imports is used to produce power for an unstable and maintenance-prone electrical grid. Service outages are common amid the country’s growing consumption and many residents frequently must rely on private generators during times of disruption.

Including the electricity that Iraq directly purchases from Iran, the Islamic republic is reported to be responsible for supplying nearly a quarter of the country’s total power use.

 

 

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