US to Release 15M Barrels of Oil from Reserves

Image copyright: Reuters [via France 24]

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.

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.

Metaculus Prediction


Political split

LEFT

RIGHT

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