Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 11, 2022

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Wed Nov 02 15:52:40 +0000 2022

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Alex Epstein @AlexEpstein

Biden’s depletion of the SPR is not only a security threat but also an economic threat. If oil prices stay high, which Biden’s and other anti-oil policies make more likely, refilling the SPR could drive them significantly higher and create a global price shock. — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

There is a lot of uncertainty ahead for US oil security. In additional to the threats of terrorism and cyberattacks, and the ever-present possibility of a natural disaster, there is the possibility of an escalation of conflicts by Russia or China. We want our oil stockpile full. — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

Instead of depleting the SPR when not necessary and risking the need to refill it at high prices, govt should only deplete the SPR when necessary and quickly refill it when oil is cheap. Sadly, in 2020 Congress blocked refilling the SPR at $24/barrel, crying "oil bailout." https://t.co/LBsXsxaSNr — PolitiTweet.org

Posted Nov. 2, 2022