As Joe Biden continues to deplete another 10 million barrels from the Strategic Petroleum Reserve next month, OPEC+, led by Saudi Arabian Prince Abdulaziz bin Salman, will collectively reduce output by 2 million barrels per day beginning in November. The move is expected to boost prices at the pump, according to the New York Post.
The move comes after Biden’s July Saudi Arabia trip to woo Saudi Crown Prince Mohammad. His efforts appear to have failed.
A statement from the White House read, “At the president’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month.” It also said, “the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.”
The Times previously reported, “Biden previously ordered the release of 180 million gallons from the strategic reserves over six months ending in September to tamp down soaring prices following Russia’s Feb. 24 invasion of Ukraine.”
While America was energy independent under 45th President Donald Trump’s pro-energy policies that did not force America to rely on foreign oil, the Biden regime’s environmental policies have kneecapped American producers, with drilling permits being upended and the U.S. Interior Department slow-walking new permit requests.
The eco-leftist policies are having a stark effect on the price of oil in the United States, which hit records earlier this year at a nationwide average of $4.33 in March, according to AAA.
The news from OPEC+ will likely have negative effects on the Biden administration going into Election Day on November 8, with oil prices climbing.