After three years of former President Trump’s energy policies, the United States Of America was energy independent and an exporter of oil and natural gas.
The price of raw crude had plummeted prior to a small rebound leading some operators to stop drilling as they were losing money per barrel.
The was so much stored that oil companies at one point sold the oil at a loss because the cost of storing it was unsustainable. With oil below zero, Trump to create Strategic Petroleum Reserve historic buying opportunity
After a year in office, the Biden energy plan has flipped all of this on its proverbial head, once again having the U.S. dependent on OPEC for our energy supply.
Due to pressure coming from the Democratic leadership, President Biden announced the release of 50 million barrels of oil from the Strategic Petroleum Reserve (SPR) on Tuesday as high gas prices continue to affect Americans across the country.
Former President Trump just responded to the announcement
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