Former president Donald Trump’s recent claim that his administration “built up” US strategic petroleum reserves that were “virtually empty” for a half-century is a complete falsehood, according to US Department of Energy records.
Mr Trump, who was banned from Twitter and most social media platforms after inciting a mob of his supporters to attack the US Capitol on 6 January 2021, issued a statement on Thursday through his political action committee complaining about Biden administration plans to release oil from US reserves in a bid to alleviate high prices brought about by Russia’s invasion of Ukraine.
President Joe Biden on Thursday authorised the release of 1 million barrels of oil from US strategic petroleum reserves each day over the next six months as a “wartime bridge” to expected higher domestic production. It’s part of the Biden administration’s plan to combat rising energy prices as a result of Russian president Vladimir Putin’s unprovoked invasion of Ukraine, and the drop in supply brought on by US sanctions. Americans have felt the pain at the pump as average gas prices have surpassed $4 per gallon, which has coincided with rising prices in other sectors of the economy.
Mr Biden also slammed oil companies for refusing to increase production to make up shortfalls caused by the removal of Russian oil from US markets, saying that it should be “a moment of patriotism” for domestic oil producers.
Mr Trump attacked his successor, saying he built up the US’ oil...
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