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Posted on 07/07/2022 4:31:08 PM PDT by topher
The Biden administration exported more than 5 million barrels of oil from its emergency reserves that were released in order to combat sky-high gas prices here at home, according to a report.
The US sent the oil, which was taken from the Strategic Petroleum Reserve (SPR) that the Biden administration tapped into in hopes of getting mounting energy prices under control, to Asia and Europe, Reuters is reporting.
The release of around 1 million barrels a day from the SPR through October has had a minimal effect in decreasing the price of oil. At the same time, it has depleted the reserves to their lowest level since 1986.
(Excerpt) Read more at nypost.com ...
Why is most of the SPR high sulphur crude? If we can’t refine it why hoard it?
Also would like a source on this statement.
The Biden Administration Sold 950,000 Barrels of Precious Strategic Petroleum Reserve Oil to a China Firm Which Hunter Biden Just Happens To Own a Huge Stake In—Ace
Huge story if true. Did the big guy get his 10%?
Jessee watters show was reporting some connections between humper and his BHR company to Sino oil company that is buying the oil from our strategic reserve
Says humpers cut of bohai harvest estimate abt $20 million
Granholm, head of the lack-of-energy department, actually wants American oil producers to increase output over the next 5 years, then stop altogether.
Why Michiganders even elected this commie for governor is beyond me. Then again, they did elect Whitmer.*
*No insult intended to conservative Michiganders, who simply aren’t that stupid.
Well what are we doing with most of the crude coming out of the Gulf of Mexico because it’s sour crude?
All the refineries along the Gulf coast refine sour crude.
https://www.eia.gov/todayinenergy/detail.php?id=8130
Detroit steals elections. Likely Flint and Ann Arbor as well. Most Michiganders lean Red but cities have been stealing elections for decades with the help of unions and welfare recipients.
These anti Americans are more concerned with the enemy than we the people. Will they ever call it treason?
John and Robert Kennedy weren’t afraid to use the word.. today it’s out there for all to see.. this country has been hijacked and the hijackers go their merry way.. lying to us.. selling what is left..giving our daily living ..
I’m a senior.. did you see the old soldier on TV.. crying over what this country has become.. all the deaths.. lives given Up for our freedom .. and end up surrendering to unworthy minds and countries.
We let a Muslim man.. with no allegiance to the US.. change our God given name... over to his whims.. and he is still doing so.
We let them put an old man with no mind.. sit in the most powerful seat.
In all my years... never...never.. imagined this proud great land would crumble ..
Sad!!
Wake me when you get an answer. The only impediment to the refining of sour crude in the U.S. is the EPA. The argument that U.S.refineries don't have the capability to refine sour crude is BS.
Hunter needed drug money. And the big guy gets 10%
It’s Corruption with a raised middle finger to the American citizen.
Payment for covid...which led to the steal.
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