Dave Walsh: What’s Next For The Strategic Oil Reserves

Energy consultant Dave Walsh talks to host Steve Bannon about the backwards energy policies of Joe Biden and the Strategic Petroleum Reserves.

“We’ve had an 8 percent decline in the use of gasoline already, year on year… That’s indicative of a pretty horrendous recession we’re into…. That’s driven down the price of gas by itself by about 22 percent in the last month or so… That’s a supply and demand issue… Nothing to do with the … reduction of the petroleum reserves… What he’s now talking about doing is beginning to use the petroleum reserve as a funnel to continue to ship it abroad… We’re going to go on a buying binge to refill it at a hundred bucks a barrel… without taking action to unleash production. That’s going to draw supply off the market” and raise prices for the rest of us.