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Time To Tap Strategic Petroleum Reserve; So Much For Cutting Back On Fossil Fuels; Pols Scramble As Polls Plummet & Gasoline Prices Rise

St. James Terminal, a marine unloading and distribution point for crude oil, a U.S. Department of Energy owned site located southwest of Baton Rouge, La., on the Mississippi River, is shown in 1990. This pipeline serves the U.S. Strategic Petroleum Reserve (SPR), which is the largest stockpile of crude oil in the world, developed to diminish the impact of oil disruption emergencies. A SPR worker checks the valves and pipes on the pipeline that connects the terminal with the long-term SPR storage sites and a cross-country distribution pipeline. (AP Photo/U.S. Department of Energy) Used locally on Nov 23rd 2021 @ap.images
St. James Terminal, a marine unloading and distribution point for crude oil, a U.S. Department of Energy owned site located southwest of Baton Rouge, La., on the Mississippi River, is shown in 1990. This pipeline serves the U.S. Strategic Petroleum Reserve (SPR), which is the largest stockpile of crude oil in the world, developed to diminish the impact of oil disruption emergencies. A SPR worker checks the valves and pipes on the pipeline that connects the terminal with the long-term SPR storage sites and a cross-country distribution pipeline. (AP Photo/U.S. Department of Energy) Used locally on Nov 23rd 2021 @ap.images

At the recently-concluded global warming summit in Scotland, the world reaffirmed its commitment to ending the use of fossil fuels.

But apparently that is not happening just yet.

President Joe Biden is set to tap the Strategic Petroleum Reserve and pump 50 million barrels of oil into the market in the hope of lowering gasoline prices.

As gas prices have spiked, approval ratings for President Biden and Congress have plummeted.

So, climate change be damned for now, as more oil is on the way.

Other countries are following the U-S lead and tapping their reserves as well. They are India, China, Japan, South Korea and the United Kingdom.

 

St. James Terminal, a marine unloading and distribution point for crude oil, a U.S. Department of Energy owned site located southwest of Baton Rouge, La., on the Mississippi River, is shown in 1990. This pipeline serves the U.S. Strategic Petroleum Reserve (SPR), which is the largest stockpile of crude oil in the world, developed to diminish the impact of oil disruption emergencies. A SPR worker checks the valves and pipes on the pipeline that connects the terminal with the long-term SPR storage sites and a cross-country distribution pipeline. (AP Photo/U.S. Department of Energy) Used locally on Nov 23rd 2021

@ap.images


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