Biden Admin To Announce Another 15 Million Barrel SPR Release Before Midterms

True Pundit October 19, 2022

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Oil markets are drifting sideways this morning after the Biden administration plans to release 10-15 million barrels of crude from the Strategic Petroleum Reserve in a bid to suppress gasoline and diesel prices at the pump ahead of the next month’s congressional elections, Bloomberg said citing people familiar with the matter.

President Biden’s upcoming announcement of up to 15 million barrels, one of the largest ever, comes as 180 million barrels have been drained from the nation’s emergency stockpile since May.

For context, the Biden administration has cut the SPR to a record low 22 days worth of supply… That is not what you want to see when liberal war hawks are gunning for nuclear war.

On Sunday, White House economic adviser Jared Bernstein said Biden was still mulling over the final SPR release figures. He told Fox News the reserve is 50% full. – READ MORE

Categories: News

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

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Mike March 2, 2026

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

(FREE) PAINE IN THE MORNING: What you need to know this Monday – January 9, 2023

Here’s what you need to know today, Monday – January 9, 2023. There is also a full, ad-free video podcast of this broadcast available…

True Pundit January 9, 2023

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – January 9, 2023

Here’s what you need to know today, Monday – January 9, 2023. Media Blackout Over Terror Incident At Vegas Power Plant – The US power grid is under attack as extremists shoot, sabotage, and vandalize electrical equipment at power stations. One of the highest-profile attacks was when two men used guns to paralyze a substation in…

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True Pundit January 9, 2023

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