Dems Used Oil for Votes, Now Complain About Gas Prices [WATCH]

Economist Peter St. Onge raised concerns about the condition of the Strategic Petroleum Reserve (SPR) and how it has been used in recent years, arguing that previous decisions to draw down the reserve have left the United States with reduced flexibility during global energy tensions.

St. Onge discussed the issue while addressing the current state of the reserve during ongoing geopolitical instability in the Middle East.

The SPR, created in the 1970s, serves as the nation’s emergency oil stockpile intended to stabilize supply and prices during global disruptions.

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“Democrats are hopping mad. We are at war in the Middle East, yet the Strategic Petroleum Reserve is a third empty which, to be fair, is a lot better than Los Angeles fire hydrant,” St. Onge said.

The economist argued that the reserve was significantly reduced during the Biden administration and said the drawdown was tied to efforts to address rising gasoline prices before the 2022 midterm elections.

“Now this is fun, since it was Democrats who drained the reserve, most famously Joe Biden, who pawned half the reserve in order to buy the 2022, midterm elections,” St. Onge said.

According to St. Onge, the speed at which oil was released from the reserve created long-term complications for the system designed to move oil in and out of the storage caverns.

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“In fact, he drained it so fast he permanently damaged the pipes, so it would now take seven years to refill,” St. Onge said.

He also argued that congressional Democrats had previously declined opportunities to expand the reserve during a period when oil prices dropped sharply during the early stages of the COVID-19 pandemic.

“Meanwhile, Democrat Congress spent years starving the reserve, even in early covid, when oil prices were literally negative,” St. Onge said.

At the time, oil prices briefly fell below zero in April 2020 due to a collapse in demand and storage capacity limits.

St. Onge said industry groups encouraged lawmakers to purchase oil for the reserve during that period.

“The US Oil and Gas Association shared a heartwarming anecdote during early covid, when oil prices literally went negative $37 because oil storage and tankers were stuffed full,” St. Onge said.

He continued, “At the time, they urged Democrat Congress to buy since you were literally getting paid to buy us. Oga said Democrats quote told us to f off, literally.”

The Strategic Petroleum Reserve was originally created in 1977 following the energy crises of the 1970s. Its purpose was to provide a buffer against disruptions in global oil supplies, particularly those involving the Middle East.

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