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Draining The Strategic Petroleum Reserve - In The Tank, ep366

October 7, 2022

In response to OPEC's announcement that they were going to be lowering oil production, the Biden Administration said they were going to further release oil from the Strategic Petroleum Reserve. The ITT crew discusses why the administration is doing this.

The Heartland Institute's Donald Kendal, Justin Haskins, and Chris Talgo present episode 366 of the In The Tank Podcast. In response to OPEC's announcement that they were going to be lowering oil production, the Biden Administration said they were going to further release oil from the Strategic Petroleum Reserve. The ITT crew discusses why the administration is doing this. Also, several months after Biden signed an executive order about Central Bank Digital Currency, the White House released a fact sheet about there plans to move forward with a CBDC.
 

PRIMARY TOPIC – STRATEGIC PETROLEUM RESERVE

Forbes - White House Freaks Over OPEC Plan To Cut 2 Million Barrels Per Day
https://www.forbes.com/sites/christopherhelman/2022/10/05/white-house-freaks-over-opec-plan-to-cut-2-million-barrels-per-day/?sh=3469900932ce

NYT - Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve (Week old article)
https://www.nytimes.com/2022/09/29/business/energy-environment/biden-oil-prices-reserve.html

Bloomberg - US Options for Responding to OPEC+ Are Shrinking Fast
https://www.bloomberg.com/opinion/articles/2022-10-05/us-options-for-responding-to-opec-are-shrinking-fast

 

SECONDARY TOPIC – WHITE HOUSE RELEASES CBDC FACT SHEET

WH - FACT SHEET:  White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets
https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/16/fact-sheet-white-house-releases-first-ever-comprehensive-framework-for-responsible-development-of-digital-assets/

CNBC - Biden White House just put out a framework on regulating crypto — here’s what’s in it
https://www.cnbc.com/2022/09/16/heres-whats-in-biden-framework-to-regulate-crypto.html

Red State - Understanding Central Bank Digital Currencies, and the Threat They Pose
https://redstate.com/heartlandinstitute/2022/09/28/understanding-central-bank-digital-currencies-and-the-threat-they-pose-n634330

Epoch Times - The Digital Dollar Will Not Be ‘Anonymous,’ Says Fed Chair Powell
https://www.theepochtimes.com/the-digital-dollar-will-not-be-anonymous-says-fed-chair-powell_4760643.html

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Author
Donald Kendal is a graphic designer for The Heartland Institute, a research fellow for Heartland's Socialism Research Center, and the host of Heartland's In the Tank Podcast and Stopping Socialism TV.
dkendal@heartland.org @InTheTankPod
Author
Justin Haskins is the director of the Socialism Research Center and editorial director at The Heartland Institute.
jhaskins@heartland.org @JustinTHaskins
Author
Chris Talgo is senior editor at The Heartland Institute and a research fellow for Heartland’s Socialism Research Center.
ctalgo@heartland.org