Zero Hedge
By Tyler Durden – May 5, 2022
Frankly, when this headline hit we just assumed it was a mistake… but it’s not.
Just 6 weeks after President Biden unveiled the greatest, most-massivest, democracy-saving plan to release millions of barrels of oil from the Strategic Petroleum Reserve into the market to bring down the price of gasoline at the pump for Americans… which was crushing his approval ratings as the average joe’s pocket book is eaten alive by Biden-flation…
CNN reports that the Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America’s shrinking emergency oil reserve, an Energy Department official said.