US buying 3 million barrels of oil at $80/barrel to replenish emergency reserves drained by Joe Biden

Move comes after Democrats blocked Trump from purchasing $24/barrel oil three years ago On Monday, the U.S. Department of Energy (DOE) announced that it will purchase up to 3 million barrels of oil for the Strategic Petroleum Reserve (SPR) after the Biden regime aggressively drained the US stockpile. A record-breaking 180 million barrels were released from the SPR by the Biden regime. According to the US Energy Information Administration, the SPR held about 638 million barrels of oil when Biden took office in January 2021. It has dropped to its lowest level since October 1983 today, at 362 million barrels. “Today’s announcement advances the President’s replenishment strategy following his historic release from the SPR to address the significant global supply disruption caused by Putin’s war on Ukraine and provide a wartime bridge for domestic production to increase,” according to DOE’s news release.