Former CIA adviser Rickards talks about Biden's oil scam that Russia could thwart
Former CIA adviser James Rickards said that the US strategic oil reserve is 372 million barrels. When President Joe Biden took office, the oil reserve was estimated at about 600 million barrels, Rickards said.
According to the ex-CIA officer, the US leadership is engaged in oil manipulations to reduce inflation and energy prices before the elections to the US Congress, as well as before the presidential election, which will be held in the fall of 2024. Washington also plans to buy oil while the price is low, thereby restoring reserves, according to dailyreckoning.com.
Rickards said that a very cold winter is expected in 2023-2024. In this case, according to the expert, the cost of Russian energy resources may rise to a new historical maximum, and the United States will «remain stranded» with minimal oil reserves.