Fifty years ago, the United States Congress established the Strategic Petroleum Reserve. At the time, the idea was to ensure that America would have a stable supply of energy in the event of a natural disaster or, more likely, in the case of a war in the Middle East. The reserve was like a fire extinguisher in a building that read, “break glass in case of emergency.” It was a last resort, to be used only if, somehow, the U.S. could neither generate its own energy, nor find oil for reasonable prices overseas.
When the Biden administration took control of the federal government a few years ago, all of that changed. For one thing, the Biden administration shut down existing drilling sites, and prevented new oil leases from being signed. Then, Joe Biden’s handlers used the strategic reserve to temporarily lower the price of gas in the weeks before the midterm elections. Nothing like that had ever happened in the history of this country. But the Biden administration insisted that this was necessary because war had broken out in Ukraine, and as a result, we needed to ban Russian oil imports. They told us, again and again, that this was a once-in-a-lifetime situation. They said it was precisely the kind of emergency that justified the use of the strategic reserve.
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