'NOT TRUE': Economist refutes Biden's claim about selling off US oil reserve

Heritage Foundation economist Steve Moore reacts to the Biden administration selling 42 million gallons of gas from its reserves in an attempt to reduce prices at the pump on 'The Big Money Show.' #foxbusiness #bigmoneyshow
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[@RaymondKeen.]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@Michaelparker12]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@KarenLavia]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@ScottKindle-bk3hx]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

[@KarenLavia]

She goes by ‘Melissa Terri Swayne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

[@shannonmiller1129]

Drilling our own would have brought the price down, Biden. Was that ended with his first or second executive order?

[@Kimm.J]

No oil rig owners ever shut off a money faucet. Never have they said... eff that money- fire everybody. No more money😂 I mean seriously.. do you hear yourselves? Would any of you turn off a money faucet? Geeze! Go say that in the mirror... you need to see it, not just think it.

[@Phillip-y6d]

Bribem had his head drilled back in the 70s

[@The1stDukeDroklar]

First day in office. He also killed the Keystone Pipeline.

[@Shadow_Banned_Conservative]

@@Kimm.J The problem is because of his EO, no oil company is going to invest anything into oil exploration and production going forward. You don't invest billions of dollars into something the government can shut down on you with no notice and on a whim.

[@Shadow_Banned_Conservative]

@@Kimm.J And if what you said was actual reality, the reserves wouldn't be drawn down for political points going into "the season".

[@70skid67]

Using up our oil reserves.???? Whats next with this guy??

[@ARTIC7051]

NATIONAL WIDE UNIVERSAL MAIL IN TREASON TO RIG ANOTHER ELECTION OR ANOTHER OBAMA PANADEMIC..

[@sherylsocia4496]

I'm afraid to see

[@michaellim8601]

Save USA vile biden needs grassy knoll à la jfk

[@brendawiener2630]

Ww3 that’s what

[@Phillip-y6d]

@@brendawiener2630 He'll do anything for a vote

[@norman7179]

I want to know WHERE the money for the oil went !

[@rdperrin5854]

bidens mafia family.

[@tysonaltevers3653]

Or who it actually for sold too

[@Shadow_Banned_Conservative]

@@tysonaltevers3653 Didn't SPR oil go to China? I thought I remember that being reported.

[@markhampton2142]

China Bought the Oil through HUNTER BIDENS COMPANY.​@@tysonaltevers3653

[@tysonaltevers3653]

@@Shadow_Banned_Conservative I honestly haven't heard anything about this round of selling off our strategic oil reserves that are there for the MILITARY

[@larrymiller9873]

3.5 yrs of FJB, that's what is wrong, when you're worse than Jimmy Carter that says it all.

[@snapfinger1]

That sucking sound you hear is Joe dragging us with him down the drain.

[@The1stDukeDroklar]

Nice Ross Perot reference.

[@666mengel]

old man Ross is clapping from the grave

[@georgecoons6872]

noblemen biden is dressed and ready for trump combat.

[@Hbrown1770]

@@georgecoons6872 Wonder who dressed him ?

[@snapfinger1]

@@The1stDukeDroklar Henry Ross Perot

[@donleavell]

The question to me seems to be why would any Americans support his insanity and incompetence?

[@donnafisk2014]

Biden regime breaks laws,oath of office of president, constitution ,why was that allowed,I would like to know.

[@vickryan]

it's mind boggling. But, if you're in the cult, then you vote for the cult. Outsiders can screw themselves.

[@magoo521]

You can’t fix stupid

[@michaellim8601]

🍌🍌🍌🍌

[@JohnJones-k9d]

Becasue your lazy and greedy thats why.

[@rustyfan89]

When President trump is back in office and he gets us back to being energy independent we’ll be in much better shape! Of the things he accomplished during his term the border and energy independence were two of the best things for this country

[@zachariahbarber5794]

FJB

[@michaelgiangiulio7090]

The SPR is gone, the southern border is open and Fort Knox is completely empty !

[@Mel-ce2ry]

In other words, lies, lies, and continuing lies from these treasonous tyrants

[@pandoralechat780]

Bingo!

[@Bossoutfitter-hy8nx]

Joe Lieden

[@domcizek]

YES, FELON TRUMP NOW GOES TO JAIL FOR LYING ALL THE TIME

[@russellh8702]

Selling 1,000,000 barrels is *Buying votes * equal to about 1,000,000 people fighting over a gallon of water in the desert

[@windwardhaven]

DNC will throw Joe overboard this summer

[@Shadow_Banned_Conservative]

Yup, expect Newsom to step in when the debates are over.

[@JohnFields-uv9vh]

Maybe Big Mike too. Who knows?

[@WenBack]

@@Shadow_Banned_Conservative…then we are f@@@ed

[@Thor-Orion]

That would be an even bigger disaster for them. You can’t pull a switch like that on the American public less than 3 months before the election.

[@SaltySouthTexan]

I expect the same

[@brokentoothstudio4929]

Chicago was a great city at one point, but Lori Lightfoot and Brandon Johnson have ruined it. People voted on race and not merits or experience.

[@Phillip-y6d]

Lightfoot belongs to no race ...on earth

[@BillDelkanic]

😂

[@Jc-sd5xt]

Beetlejuice 😂

[@Glenna10]

They voted on stupid

[@2bstiff584]

but they never learn

[@christopherc.9097]

Have you seen the energy secretary.... She couldn't figure herself out of a paper bag

[@blackrhino3442]

She’s all ears.

[@norman7179]

But, she's an "affirmative action" poster child.

[@jamesgee8094]

Leaving us in a dangerous situation!

[@pamelagetz4550]

Exactly! Any American paying attention knows what Biden did with Our strategic oil!! 😢

[@Hbrown1770]

Biden is doing our enemys work for them !

[@robertjohnson-mt8pz]

Biden decimated our "strategic oil reserve". That is the oil that is designed to run our military in case of war and we can't get any from overseas. Biden has all but started WWIII as well, war in Ukraine and Middle East.. China with Taiwan, Russia, China, and North Korea banding together.

[@jerrymartin3965]

As long as the "big guy" gets his 10% of the sales.

[@daryoushsameyah8329]

Has FJB ever told the truth? EVER?

[@joeblow123]

uhh, no

[@Susan-wz7mb]

Not if he can pocket a dollar.

[@michaellim8601]

No.

[@Bossoutfitter-hy8nx]

Joe Lieden

[@michaellim8601]

Never.

[@darwinpenning1319]

These awful Biden times are NOT good for anyone! November 5 - - VOTE BABY VOTE! TRUMP TSUNAMI

[@otisdriftwood1697]

THATS RIGHT !!! 👍😡 if the republicans say it's true then follow unquestioningly !! Good on ya mate 👍😀 🐑🐏🐑🐏🐑🐏 *BAAAAAAAAAAHH*

[@otisdriftwood1697]

Hashtag republicansagainstfracking

[@Shadow_Banned_Conservative]

@@otisdriftwood1697 Your use of sheep is pretty ironic.

[@otisdriftwood1697]

@@Shadow_Banned_Conservative 🤣 oh ? How so ?

[@franklinmartin8103]

SORRY, to add some reality. The democrats won't lose this election. They are plotting and planning. Whether it is getting all the illegal immigrants to vote by just pushing them to vote and overwhelming the system. And when it gets too difficult to separate the illegal immigrants ballots from the actual US citizens ballots, the democrats will chant "count every vote" and they will win. Or their polling operatives will repeat the dirty tricks they did during the last election by telling everyone to "go home, the counting is done for the night" or just running around and uploading mystery votes from thumb drives into voting machines. The democrats have a long list of options they can use to win elections. The Republicans don't do any of that crap, not even "vote harvesting", and that is why they lose. So, vote honestly, and be aware of what goes on around you. Don't hesitate to report questionable behavior by Democrat poll workers. If you see something bad, report it to the authorities.

[@ae747sp5]

Thru his son to China

[@user-xk9ev6vq4i]

Did he sell the SPR oil to China again?

[@davidmichaels4285]

Bring back Trump bring back prosperity I'll vote Trump 24 even Democrats are voting for Trump FJB

[@garybulwinkle82]

Democrats knew their policies would not go over well with the American public once the slow learners realized they were lying to them! They have perfected the cheating methodology necessary to remain in power without the people's support! I have reservations if we can win with the cheating the Deep State is going to undertake!! I can only pray!!!

[@nancymarie7749]

Yes Democrats are voting for Trump too!!! We can't afford to live in Bidens world

[@domcizek]

THE ECONOMY IS NOW WAY HIGHER THEN WHEN TRUMP WAS IN OFFICE SKIPPY

[@rowyourboat5361]

lol- Trump increased our national debt by 8.5 TRILLION DOLLARS IN JUST 4 YEARS- THAT'S 25% of our entire debt. Biden has already lowered ur debt by over 1 trillion dollars. Trump and the republicans have vowed to get rid of both social security and medicare- YOU BETTER BELIEVE WHAT THEY SAY- THEY WILL GET RID OF SOCAIL SECURITY AND MEDICARE. the republicans have been trying to get rid of both for years. the republicans tried to stop social security when Roosevelt made it part of the saftey net. the republicans all voted against medicare in 1962, and they now vow to END BOTH SOCIAL SECURITY AND MEDICARE. let's see how happy your older family members will be when that happens.

[@vegaswoman7020]

Trump 2024 ! 🇺🇲✌🏽 We love the Bronx ! 🙏🏻

[@tripaway24]

Bronx doesn't like porn star cheaters.

[@tedmarley4341]

😂😂😂😂

[@oliphauntsneverlie6227]

@@tedmarley4341 You'll be crying even more in November!

[@domcizek]

FELON TRUMP WILL BE IN JAIL NOW

[@erictownsend4236]

I am tired of the News covering large cities only! And their woe's! Most are Blue! Cover the rest of the nation, urban, rural, where Hard working Americans live! Trump!!!!!!! 2024!!!!

[@westhillswood51]

One reason is that Los Angeles County alone has more population than 40 complete states.

[@Nel33147]

@@westhillswood51 And ? Does that mean those 40 states should be ignored ?

[@ninjagirl226]

I’m still surprised no one covered the FAFSA fiasco this year.

[@calvincosby921]

I don't think rural votes get counted.

[@keithbarnhart6952]

Sp, people in the cities don't work hard? LOL!! FACT: Most welfare recipients live in rural areas.

[@dougiefresh9618]

Old Joe depletes our SPR and then starts playing both sides of the Isralie/Humas war. Not to mention Russia. WW 3 anyone ?

[@stevenklinkhamer9069]

Undermining our energy security with these strategic oil reserve drawdowns, just like our internal security via a wide open border. Putting political expediency above principle as usual. This administration is a discrace, and is undermining everything good about this country.

[@wmrustycox]

He's not refilling the reserve... that's not a good thing. Not at all !!!

[@roselyncaro8119]

He should be fired please use an Amendment .

[@ninjagirl226]

You really think Harris will be better?

[@PhyllisWilson-v7u]

NO ONE CARES ANYMORE WE HAVE TOO GET BIDEN !! 💩💩

[@abtedla123]

And governors who think everyone who thinks differently than the sitting governor as clowns. I am embarrassed to be a resident of NYS.

[@Samuelregional..782]

Recession are part of the economic cycle, all you do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invested in stocks and biz, built my own business, and have my net worth increased by $500k in the last 4 years..

[@SarahWeeth]

The administration has putting so many families into difficult situations,my main concern is how can we generate more revenue?

[@HerbertTommy]

That's awesome I know nothing about investment and I'm keen on getting started. What are the strategy?

[@GeorgeKent-oi6qz]

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

[@VincentFrancis-dd6dh]

Getting Kristy Loreca really helped me pay off all my debts.I started with what I had left and it was the best decision I ever made.

[@SarahMcCoy-ru1mu]

Wow. You know Kristy Loreca too? I thought I'm the only one she has helped work through the fears and falls of the forest. Her training last week was amazing and the strategy she applied were mind blown

[@BettyMullins]

Yep President Trump needs to go to Chicago too....Let the people know that he will stop this illegal stuff going on and help the American people.

[@mattharmon3838]

Why is he allowed to do this? It's criminal.

[@SmilingLifeJacket-ny9ih]

We standing around watching our nation crumble. Awesome

[@dianabradley7582]

What Do We Do? Get A New President...DUH

[@williamf5838]

So selling our oil who's making money on it ???????? Ware does the money go ????? in who's pocket ??????

[@calvincosby921]

That fool must be stopped.

[@ronaldsanderson9924]

Have you noticed that every port city in the United States is a sanctuary city'?

[@fredkraus9180]

All blue states and cities are done

[@Shadow_Banned_Conservative]

The problem is they'll take the rest of us down with them.

[@vickryan]

"come on!!!! what is this!!!!!" it's destroying of this country, over and over again, until there's nothing left.

[@John-ec1zc]

Put Trump in office NOW per "WE THE PEOPLE"!!!!!

[@GraceEarney-di6vj]

Voted all Democrats out

[@Slick-vo9hp]

People should be revolting over traitorous acts like this, what happened to the people in this country?

[@blacklabmatters]

FJB Say no to dementia Joe and daho.

[@QuantumPyrite_88.9]

*TRUMP 2024* Fjb&censors

[@Phillip-y6d]

Boycott KZbin advertisers Disney is their biggest...how hard is that ?

[@Phillip-y6d]

Procter & Gamble promotes fascist censorship....send a message they can't censor !

[@jobethschlatterer1655]

@@Phillip-y6d. We canceled our trip last year! Just can’t stand the way Disney has gone! Went on a cruise instead!

[@jwfinley7808]

Hes exactly right! Hell with Biden

[@maxwellcrazycat9204]

I use to love visiting Chicago. Now I won't go near it.

[@yuridiasalas2923]

Trump. 2024

[@jsshay01]

Worst thing he could do.😡

[@babayaga2977]

How is this not a treasonous action???

[@otisdriftwood1697]

THATS RIGHT !!! Money before the wellbeing of the poor !! Amenn 👍😡

[@MarkMartin-t8n]

We want safe and secure neighborhoods, food we can eat and afford to buy and a roof over our heads! If this government does not fix these issues, the American people will!

[@glorybound7599]

Taxes without public approval.

[@zzzxxzzz3248]

When the tax rate is cut the USA gains more tax revenue which is basic capitalism . More goods and services created by the production of increased workforce that translates to prosperity for everyone !

[@MUGSHOTRECORDS83]

Bronx has what 1.3,,,,,1.5 million in the borough alone...it's all n the numbers...10 15000 people is what 0.8% of the borough??

[@reensure]

Selling off strategic reserves now creates a draw on subsidies for domestic producers later.

[@charliejones7574]

They can "refute" this...but they can't prove it. UNLESS they baught shiploads of oil to cover their butts

[@davidwamsley5109]

This was addmited by JCP at a presser, not only that he sold part of it to CHY-NA. FJB

[@edb3877]

Only in America do we have $35+ trillion in debt and people wanting to cut taxes. What part of this is anywhere near sustainability? What we need is a plan to reduce spending slightly and raise taxes slightly so we can pay down this monstrous debt over time. Problem is, though, every time an extra dollar shows up in DC, a dozen congress critters start fighting over how to SPEND it!

[@Hartmannk]

Impeach !

[@hoangluong6602]

Gasoline price should be $2.00 per gallon Nationwide period.

[@gregoryuschold3870]

This admin said it would replenish the Strategic Reserve and then backed out.

[@DonaldLPartin-kt5oh]

It was required as part of being a member of OPEC, however the 900 million barrels have not been replace, and it was funneled to China through a shell company

[@jfhoward8264]

It will cost more to replace the depleted oil reserves. Thus, this is not a 'win' situation...

[@JohnRounsevelle-jt3he]

omg they’re thieves!!!

[@grandmawholovestoknit3331]

Let's go Brandon let's go Brandon

[@le9051]

I heard recently that the corporate tax rate doesn't have an expiration date on it, it's the tax tables that impact your payroll withholding there may be other pieces to it but that is definitely part of the Trump tax cuts that would expire if Biden were re-elected.

[@jabroni005]

No more reserves, what happens? Dependence of natural energy. Which is what they are pushing the whole time

[@GraceEarney-di6vj]

Joe is a lying and tailor

[@cbroz7492]

..the business of America is business ..Calvin Cooledge...

[@lamarw7757]

Those prices on the thumbnail are way off. The difference between Regular and Premium is at least $1.00 not 4 cents.

[@Thisishard2333]

But he is selling a lot of it to other countries and our prices continue to rise here at home.

[@clayton7220]

Well if he didnt steal it where is it he reported to us he was taking out of it

[@CC-is-single]

Joe Biden would look more plesent if he didn’t have that look like he hated every body on his face. The dude should smile. So he look like he loves people! I’m gonna pray that Joe will smile more!

[@RedStatesPovertyWatch]

Republican-led states have the lowest household income and the highest poverty rates in the nation.

[@jamietwigg5152]

It's the democratic ran cities in the Red states that bring them down. You liberals love telling ½ truths as facts.

[@viasevenvai]

20% on $100 income is not the same as 10% on $200. Think about the extra money people get with lower taxes and how it creates jobs/spending/prosperity.

[@brentmayall5408]

What a fool

[@jonbostic5013]

DC Baltimore ,California ext

[@jeremyduncan2013]

I want some more money in my check and I haven’t gotten it yet

[@brianspurlock-f8j]

Memorial day is over and summer is here. People travel and fill their tanks. Been on a picnic or camped out lately? It's expensive!

[@Susan-wz7mb]

Tar and feather. Old school.

[@markplotz-ut2wi]

Crime is the definition of Chicago ever since the 1900

[@panicmosem5969]

When T left, the reserves were full.

[@johnwerner7194]

History tells us in ww2 the Germans ran out of petro. Really slowed them down then were able to be defeated.

[@tomc.2808]

SLEEPY already sold 50% of strategic reserves to CHINA. The question is for how much ???

[@planethedgehog2427]

1:46 "In your opinion, what's the single, biggest reason why his message is *resignating* in traditionally big, blue cities?" Ouch. Try resonating.

[@joenewman6494]

Biden has to go

[@newshoes-bf2xv]

Wake up!

[@keithbarnhart6952]

"42-million gallons" LOL! Biden did no such thing. The USA goes thru 42M gallons in an hour.

[@DavidB-g9q]

Domestic oil production is at a all time high

[@Ken-ck4zn]

So why is it $3.30 ?

[@jamietwigg5152]

No its not, if it was he wouldn't be selling off SPR.

[@alrad5149]

What you show shows Trump has deficit on reserves yet I remember hearing he refilled them when oil was at its lowest.

[@ericeandco]

Trump wanted to do this too. It’s more about politics than common sense.

[@clintdaniel9260]

this is dump thats only going to bring it down for a week or 2 please

[@newshoes-bf2xv]

What a phenomenal administration during our 44th president!

[@Ken-ck4zn]

Biggest criminal ever in the White House

[@robertmatthews2009]

Non sequitur.

[@dorisbrinkerhoff8124]

I'm having a hard time waiting for the old fart to get out of office. I say FJB

[@melistentome]

Extremely dangerous what these progressives

[@blessedfire365xgf]

I never voted for BJ or new som

[@JamesBond-vn1gh]

Stop targeting and intimidating commenters google.

[@bambam23-vi1kl]

Low prices conflict with politicians investments

[@joehernandez1765]

Save America 🇺🇸 Vote 🗳️ Trump 2024 To Big to Rig