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US to Release 15M Barrels of Oil from Reserves

  • #Politics
  • #Energy
  • #Russia
  • #Fossil fuel
  • #Ukraine
  • #United States of America
  • #Oil & gasoline
  • #Saudi Arabia
  • #Prices
  • #Libya
story
OCT 2022
Image copyright: Reuters [via France 24]
story last updated OCT 2022

The Spin

Republican narrative

This administration has continued to fumble the current oil crisis. When oil prices go down, Biden takes credit for it; when oil prices go up, Biden blames external factors. As Americans suffer from high prices at the pump, Biden has systematically handicapped the US's oil production and refinement, mishandled geopolitical crises, and antagonized America's oil-producing allies, such as Saudi Arabia.

New York Post

Democratic narrative

The Biden admin. has been doing everything it can to stabilize oil markets, and this decision is no different. Contrary to popular rhetoric, Biden isn't to blame for a global issue caused by a myriad of factors that are largely out of his control. Despite this, Biden has shown his support for combating rising pump prices and will continue to do so, as exhibited by this latest announcement.

CNN

Metaculus Prediction


Political split

LEFT

RIGHT

Biden to announce emergency oil sales to prevent price spikes
One AmericaJUL 2022
Biden taken aback by multiple reporters suggesting oil reserve release is meant to help Democrats
FOX NewsJUL 2022
Biden implores US oil companies to pass on record profits to consumers
GuardianJUL 2022
Biden To Release More Oil From Strategic Reserve Ahead Of Midterms
Daily WireJUL 2022
Biden to announce release of more petroleum from strategic reserve
Washington PostJUL 2022
Biden defends US oil reserve release to fight rising gas prices before midterms: 'Not politically motivated'
FOX NewsJUL 2022
White House won't rule out releasing more oil from Strategic Petroleum Reserve
FOX NewsJUL 2022
Biden releasing 15 million barrels of oil from strategic reserve
Al JazeeraJUL 2022
Biden policies timed to boost voter turnout in November: Dem strategists
FOX NewsJUL 2022
‘A Win For Taxpayers’: Biden To Pay Nearly Three Times More Than Trump Would Have To Refill Strategic Oil Reserves
Daily CallerJUL 2022
White House Press Secretary Claims Americans Are Saving On Gas Under Biden
Daily WireJUL 2022
U.S. to Release Millions More Barrels of Oil to Contain Gas Prices
New York TimesJUL 2022
U.S. awards $2.8 billion for EV battery, grid projects
One AmericaJUL 2022
Energy experts say Biden plan to refill oil reserve could take years, won't fix policy problems
FOX NewsJUL 2022
Biden announces sale of 15 million barrels of reserve oil
NBCJUL 2022
Biden to release 15 million barrels of oil from strategic reserve, with more possible
CBSJUL 2022
Biden Plans To Drain 15 Million Barrels From Depleted Oil Reserve
Washington Free BeaconJUL 2022
Biden tapping oil reserve is 'playing politics' with a national security asset: Rep. Michael McCaul
FOX NewsJUL 2022
Biden slammed for anticipated Strategic Petroleum Reserve release: not ‘a long-term solution’
FOX NewsJUL 2022
Eyeing Payback for Midterm Oil Cut, Biden Faces Saudis Going Their Own Way
NewsweekJUL 2022
Biden crushed for draining US oil reserves, denying his administration ‘slowed’ oil production
FOX NewsJUL 2022
Biden Responds to 'Putin's Price Hike at the Pump' With Plan to Release Oil
NewsweekJUL 2022
Jason Furman: The problem with gas prices is that 'they’re largely outside the President’s control.’
MSNBCJUL 2022
Biden administration approves $2.8 billion for EV battery and mineral production in the US
VergeJUL 2022
WH mocked for claim Americans saving $420M on gas as Biden taps oil reserve
New York PostJUL 2022
Biden Plunges the Strategic Petroleum Reserve Into Crisis
TownhallJUL 2022
Biden Snaps Over Questions He's Depleting America's Reserve Oil for Political Reasons
TownhallJUL 2022
Biden Depletes Petroleum Reserve To Help Dems In Midterms
FederalistJUL 2022
Biden tries to tackle his gas price problem by announcing sale of 15 million barrels from Strategic Petroleum Reserve
CNNJUL 2022
Joe Biden: Releasing 15 Million More Barrels of Oil Reserves Before Election 'Not Politically Motivated'
BreitbartJUL 2022
CBS’ O’Keefe: SPR Release Is ‘Designed to’ Do What Biden Can ‘to Help Democrats’ Even if He’s ‘Too Unpopular’ to Campaign with Them
BreitbartJUL 2022
Biden Team Doing All It Can to Buy Election with Latest Move
Red StateJUL 2022

More neutral political stance articles

WATCH LIVE: Biden announces release of 15 million barrels of oil from strategic petroleum reserve
PBS NewsHourJUL 2022
Biden to release 15 million barrels of oil, sending reserve to lowest level since 1984
PBS NewsHourJUL 2022
Biden to complete release from emergency oil reserves; could take more action on gas prices
USA TodayJUL 2022
Biden Will Release 15 Million Barrels Of Oil From Reserves— Here’s What To Watch For
ForbesJUL 2022
DOE awards $2.8B to battery companies to boost domestic production
TechCrunchJUL 2022
U.S. awards $2.8 billion in grants for electric vehicle batteries in 12 states
PBS NewsHourJUL 2022
Biden Says He Will Keep Tapping Oil Reserves
Wall Street JournalJUL 2022
WATCH LIVE: White House press secretary Karine Jean-Pierre holds news briefing
PBS NewsHourJUL 2022
What is the Strategic Petroleum Reserve?
PBS NewsHourJUL 2022
As global oil production is reduced, will gas prices increase or decrease? The answer is mixed.
USA TodayJUL 2022
Joe Biden's unusual fight to bring down gas prices
BBC NewsJUL 2022