President Joe Biden and Former President Trump

Biden Plans To Release More Oil From Emergency Stockpile, Trump Says “It Just Never Ends”

President Joe Biden is planning to announce Thursday, the release of tens of millions of barrels of oil from the Strategic Petroleum Reserve (SPR), the White House said.

The president is expected to order the Department of Energy, the agency responsible for managing the SPR, to release an average of a million barrels of oil per day for 180 consecutive days, according to the White House.

The White House’s official schedule included an event Thursday for 1:30 PM EST about the “Administration’s actions to reduce the impact of Putin’s price hike on energy prices and lower gas prices at the pump for American families.”

On Thursday, former President Trump responded to these moves.

“So after 50 years of being virtually empty, I built up our oil reserves during my administration, and low energy prices, to 100% full. It’s called the Strategic National Reserves, and it hasn’t been full for many decades. In fact, it’s been mostly empty,” said Trump.

“It’s supposed to only be used for large-scale emergency or conflict. Now I see where Biden has just announced he’s going to take what we so carefully and magically built, and what will be a futile attempt to reduce oil and gasoline prices. They will soon bring it down to empty again. It just never ends!” Trump concluded.

Over the past four months, Biden has ordered two releases from the SPR totaling 80 million barrels of oil.

The release of 50 million barrels in November was followed by a temporary dip in gasoline prices while the 30-million-barrel release announced on March 1 preceded an all-time gas price record, Energy Information Administration data showed.

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