Free Republic

It's hard to overstate the potential impact of a move underway that — thanks to Biden's catastrophic diplomacy — could result in China replacing the U.S. as a security guarantor with the petro-monarchies that control so much of the world's oil reserves. ... Seven months after President Xi Jinping participated in the first China-Gulf summit in Riyadh, economic exchanges between the world's second largest economy and nations like Saudi Arabia and the United Arab Emirates have been accelerating — moving well beyond crude purchases where Beijing has been dominant for years. One of the deals that could benefit from closer...

Stroll through the West Hackberry oil facility on the US Gulf Coast and there’s not much to see: some pipelines and other industrial equipment. But buried deep beneath the surface are storage caverns so massive they’re tall enough to house the Empire State Building with plenty of room to spare. These reserve sites are supposed to hold enough backup supply to ensure the US never runs short of oil. Right now, they’re sitting half empty. It only took about six months for the Biden administration to sell off 180 million barrels from the federal stash in the fastest withdrawal on...

What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to achieve policy results. A good example of Biden’s Soviet-style “Bidenomics” is his use of the Strategic Petroleum Reserve (SPR). Biden has now drained almost 50% of the SPR from when he was sworn in as President. And has drained the SPR for 14 straigth weeks to manipulate...

Aided by Mitch McConnell, the Biden administration is selling U.S. oil reserves to offset a portion of his profligate spending. ... Over the past few months, a great deal of attention has been focused on the Biden administration’s decision to draw down the Strategic Petroleum Reserve (SPR), a blatant attempt to manipulate the price of oil to desperately drive down gasoline prices at the pump. This decision was purely political, and it represents a new low in American politics — the blatant use of publicly owned, strategic resources to sway votes in this year’s midterm elections. Although gasoline prices have...

President Joe Biden will order more oil released from the Strategic Petroleum Reserve as gas prices are on the rise and OPEC announced it was making its biggest cuts in production in more than two years. Biden will release another 10 million barrels this month and he will 'continue to direct SPR releases as appropriate to protect American consumers and promote energy security,' White House National Security Adviser Jake Sullivan and economic adviser Brian Deese said in a joint statement. In the statement, the administration also called on oil companies to 'keep bringing pump prices down by closing the historically...

Prices could continue to rise, expert says.. The average price of gas in Oregon is up to $5 per gallon again after prices spiked by nearly 40 cents in the last week. After a summer of declining prices, AAA reports that statewide prices jumped from $4.64 per gallon to $5 per gallon in the last seven days. Prices are also up 20.3 cents per gallon in the Portland-Vancouver area this week, with an average price of $4.98 per gallon, GasBuddy.com petroleum analyst Patrick De Haan noted. ... gas prices shooting up in several regions amidst myriad refinery issues from the...

Biden’s administration is getting more and more desperate as the Midterms loom as the pace at which they are draining the nation’s so-called ‘strategic’ reserve of crude oil just went to ’11’. Last week saw almost 8.54 million barrels withdrawn from the SPR – the biggest weekly drain in history. ... This unprecedented collapse of the Strategic Petroleum Reserve to its lowest since September 1984 has helped lower oil prices (from their record highs)… ... the price of gas at the pump is still up 76% since Biden was . ... But ‘average joe’ doesn’t care about ‘president joe’ actions...

Biden has released millions of barrels of oil from the country’s strategic oil reserves. While the oil has been released to stabilize global energy markets and lower the prices of gas, of late the oil reserve release has been controversial. The U.S. sold some oil to China’s Sinopec, which has been connected to Hunter Biden in the past. ... 180 million barrels of oil are to be released, which makes it the biggest drawdown on the strategic oil reserves in history. The U.S sold oil to a subsidiary of Sinopec. ... Unipec America was also awarded 0.95 million barrels of...

“Pres Biden reportedly sold oil fr[om] American reserves to China’s Sinopec which Hunter Biden may still b[e] tied to via his financial ventures in China. If report correct that’s OUTRAGEOUS.” — Sen. Charles E. Grassley (R-Iowa), in a tweet, July 8... The Facts This is all started with a straightforward Reuters article that appeared this month, headlined: “Oil from U.S. reserves sent overseas as gasoline prices stay high.” The article noted that government data showed that more than 5 million barrels released from the U.S. Strategic Petroleum Reserve (SPR) has been exported to Europe and Asia in June. The Biden...

Fox News host Tucker Carlson said Wednesday night that Joe Biden should be impeached, and possibly indicted due to his “crazy and dangerous” energy policies. The Biden administration has been selling U.S. emergency oil reserves to other countries—including our greatest adversary, China—while Americans struggle financially due to high gas prices. The regime sent more than 5 million barrels of oil from the U.S. emergency reserves to Europe and Asia last month, according to data and sources, Reuters reported, “even as U.S. gasoline and diesel prices hit record highs.” Biden on March 31 authorized the release of 1 million barrels of...

https://video.foxnews.com/v/6309219834112/ 18 min

PRES. BIDEN: "My effort to combat climate change is not raising the price of gas...what it's doing, it's increasing the availability of jobs."

Republicans ridiculed President Biden's energy secretary on Wednesday after she admitted she did not know how many barrels of oil were consumed each day in the United States. 'How incompetent is the Biden administration?' asked Ronna McDaniel, chair of the Republican National Committee. 'Biden’s energy secretary doesn’t even have a rough idea of how many barrels of oil the U.S. uses in a day.' A day earlier Jennifer Granholm appeared in the White House briefing room to trumpet the administration's moves to release 50 million barrels of oil from the nation's strategic reserve as it sought to ease crippling gas...

President Joe Biden's administration should tap into emergency petroleum reserves to lower rising gasoline prices as Americans go into the holiday season, Senate Majority Leader Chuck Schumer said on Sunday. "We're here today because we need immediate relief at the gas pump and the place to look is the Strategic Petroleum Reserve," Schumer, a Democrat, said at a news conference in New York.

The leaders of the coup that ousted Mali's President Ibrahim Boubacar Keita spent most of the year training in Russia before returning to boot out the democratically-elected leader at gunpoint, according to sources in the Malian military. The rebels took control of Mali's largest military base in Kati, just outside the capital, Bamako, on Tuesday before storming Keita's official residence, seizing the president and forcing him to resign as leader of the West African nation. Numerous media outlets, including the BBC, immediately reported that the coup was led by Malick Diaw and Sadio Camara, two army colonels who hold top...

Hugo Chavez was one of the most evil socialist dictators ever. He took the richest country in Latin America, Venezuela, and turned it into a disaster of misery and poverty in only five years. How bad? The people had no food or toilet paper. And critics of Chavez were tortured and murdered. Isn't socialism wonderful? But it gets worse. Just like Fidel Castro, Chavez got filthy rich based on the misery of his own people. His family made billions. Then this evil dictator died of cancer. He turned the country over to his handpicked successor, Nicolas Maduro. Maduro ran the...

. . . our fearless leaders have no interest in going to get them A new study shows that the United States has more energy reserves than Saudi Arabia or Russia. Most of it is still in the ground, but if we would bother to extract it, we would be truly energy-independent for the first time in our history. The report comes from Rystad Energy, and indicates the U.S. is sitting on 264 billion barrels of oil. That’s 8 billion more than Russia and 52 billion more than Saudi Arabia. And all of this falls under the category of recoverable...

Lawmakers are pushing legislation that could result in the selling off of 266 million barrels of oil from the country’s Strategic Petroleum Reserve (SPR) over the next decade, mostly to fund more government spending. Legislation for health care, highway funding and financing the government could end up drawing on down on oil supplies meant for emergency situations. If all three bills are signed into law, some 266 million barrels, or nearly 40 percent, of the current 695 million barrel SPR would be sold off in the next decade to raise about $23 billion. “The 114th Congress has introduced three separate...

Lawmakers are eyeing the Strategic Petroleum Reserve as a piggy bank, but not without controversy. The Senate is considering legislation that would partly replenish the u.S. highway trust fund with $9 billion worth of sales from the reserve, which at 69S.1 million barrels of oil is close to its 713.S-million-barrel capacity. This month, the House passed a bill to sell 80 million barrels from the reserve to raise $7 billion to help pay for legislation to boost government drug approvals and research funding. But proposals to tap the nation's oil stockpile as a way to pay for unrelated government programs...

Hillary Clinton withheld Benghazi-related emails from the State Department that detailed her knowledge of the scramble for oil contracts in Libya and the shortcomings of the NATO-led military intervention for which she advocated. Clinton removed specific portions of other emails she sent to State, suggesting the messages were screened closely enough to determine which paragraphs were unfit to be seen by the public. For example, one email Clinton kept from the State Department indicates Libyan leaders were "well aware" of which "major oil companies and international banks" supported them during the rebellion, information they would "factor into decisions" about about...