Nostra
Diamond Member
- Oct 7, 2019
- 65,383
- 56,231
- 3,615
Replenish at sky high prices. Tater is a genius!Biden has boosted US oil production by contracting with US oil producers to refill the SPR.
Biden's "Inflation Reduction Act" expands offshore drilling lease sales was passed by 100% Democrat votes & Zero Republican votes.
The "Inflation Reduction Act" does not allow the Bureau of Ocean Energy Management (BOEM) to issue a lease for offshore wind development unless the agency has offered at least 60 million acres for oil and gas leasing on the OCS in the previous year.
Under Trump operations of nearly all US Oil Rigs were halted, causing over a hundred US Oil drillers to go bankrupt. Trump printed 5X more US Dollars than all presidents in history combined.
More US Oil has been produced under Biden's first 3 years than Trump's or any president in history. Today a record 13.2 million barrels of oil is produced in the US every day.