Biden's Energy Insanity

The dust is still settling from Biden's announcement yesterday that he is draining the Strategic Petroleum Reserve. As is often the case after a major Biden speech, the White House had to deploy the cleanup crew, which barely got a break after working overtime to clean up the mess from Biden's European trip last week.  

Biden suggested yesterday that people using clean energy "would save about $500 a month." Well, it's only $500 a year, and some experts even question that figure. 

In addition, Biden announced that he's releasing 1 million barrels of oil a day or 180 million barrels over the next six months. That's approximately one-third of the entire Strategic Petroleum Reserve, which isn't even at full capacity right now. That's because liberal politicians blocked Donald Trump from filling it.

According to one energy analyst, Biden's order would be "the largest draw-down volume announced in the 45-year history of the [reserve] by a factor of 3.6 times." Other allied nations are announcing today that they are following Biden's lead. 

But guess what, folks? Communist China is not drawing down its strategic oil reserve. It is buying as much oil as Premier Xi can get his hands on. (Here and here.) While Biden is playing political games, communist China is doing what it thinks is necessary to win the next war, which it is planning to win. 

In fact, China is hoarding not just oil, but anything else it can get its hands on, including computer chips, grain and commodities of all kinds. Communist China is cornering the market on rare earth metals that are needed for the left's "green energy" future and much of our military's electronics. What does that tell you?

And by the way, communist China was helped in that hoarding by Hunter Biden, who arranged the sale of a huge rare earth mine in Africa to communist China. 

Think about this irony: Joe Biden said in a presidential debate that his goal was to phase out carbon-based fuels. When conservatives say, "Drill, Baby, Drill!" the media always mocks us. But that's essentially what Biden said yesterday to the U.S. energy industry. He threatened to penalize oil companies if they didn't drill more. 

Biden should be working with American drillers, not foreign killers. He needs to reach out to our energy industry instead of appeasing the terrorist regime in Iran and the Marxists in Venezuela.