Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 10, 2022

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Wed Nov 02 15:52:37 +0000 2022

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Alex Epstein @AlexEpstein

Instead of responding to artificially high oil prices, a consequence of anti-oil policies, by leading a reversal of their cause, Biden chose to *conceal this consequence* by depleting our SPR, which is now down to its lowest level since the early 1980s, to temporarily cut prices. — PolitiTweet.org

Posted Nov. 2, 2022

Preceded By

Alex Epstein @AlexEpstein

If not for global anti-oil policies, Russia’s Ukraine invasion and the subsequent embargoes would be much less consequential. Indeed, they would have been an opportunity for US producers to grow their market shares, as they did in the recent past when breaking the OPEC+ cartel. — PolitiTweet.org

Posted Nov. 2, 2022

Followed By

Alex Epstein @AlexEpstein

Even when full (714M barrels), the SPR contains only 1/10th of US annual oil consumption (>7B barrels) and now it contains 1/18th (~400M barrels). This means less oil for emergencies such as terrorist attacks or cyberattacks on US oil production, refining, or transport. https://t.co/m1beWKeeCA — PolitiTweet.org

Posted Nov. 2, 2022