Biden Draining Strategic Petroleum Reserve Like ‘Campaign Credit Card’: Industry Official

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The head of a U.S. oil industry association warned that the Biden administration is wantonly draining the U.S. Strategic Petroleum Reserve in a bid to keep Democrats afloat ahead of the 2022 midterms.

“This is the first time in history, honestly, that the Strategic Petroleum Reserve has been used as a campaign credit card to buy down political risk for the midterms,” Tim Stewart, the head of the U.S. Oil and Gas Association, said in a recent interview with Just the News.

The Strategic Petroleum Reserve as of Sept. 23 dropped to 422.58 million barrels of oil, or the lowest level since 1984. That’s down from 617 million barrels since Oct. 1, 2021.

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