Posted on 11/18/2021 2:32:46 AM PST by Kaslin
It’s no secret that Americans are paying record prices at the gas pumps. Rapidly ascending prices also affect the cost of all the goods and services that are an integral part of the American economy. Farmers, manufacturers, delivery companies, repair people...you name it: They’re paying more to do their jobs and they’re passing those costs to consumers. So why now, of all times, is the Biden administration selling off America’s Strategic Petroleum Reserve (“SPR”) to Asia?
As the name suggests, the SPR is America’s emergency backup supply of oil. The reason we have it is because of the energy crisis in the early 1970s. According to Wikipedia, which is probably accurate about this, “The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973-1974 oil embargo, to mitigate future supply disruptions.”
Fast forward to 2021. Upon entering the Oval Office, one of the first things Biden did was to shut down the Keystone pipeline. Henceforth, rather than flowing safely through a pipeline, Canadian oil will come the expensive way, over land, whether in trucks (which are in short supply) or on trains.
At the same time, Biden halted new oil, gas, and coal leases on federal lands, something that’s being fought in the courts. As long as the suit continues, though, no sane business would start to drill.
Biden’s also on the verge of ending all new oil and gas leases around major Native American cultural sites, which will shut down massive amounts of exploration and drilling in New Mexico. And following initial denials, the administration admitted that it plans to close a major Michigan pipeline.
(Excerpt) Read more at americanthinker.com ...
More treason as Biden sells our SPR to China while Americans struggle with gas prices.
Our new comptroller (a communist graduate from the University of Moscow) wants to bankrupt coal, oil and gas companies. They do not hide the fact that they want to hurt this country.
Ya....and the “infrastructure bill” is a laundromat to bail out Evergrande....
Yep, now Xiden is bringing in commie foreigners to F up this nation.
I read about her yesterday, she went to the University of Moscow in the Soviet Union and her thesis was on Karl Marx. ALSO she was arrested back in 1994 for shoplifting 4 pairs of shoes and clothes from a TJ Maxx which the Marxist media has tried their best to hide. So besides being a commie, she’s also a thief. I was homeless for 2 years twenty two years ago in NYC. Even at my lowest I never shoplifted. What’s her excuse?
This is the best person Xiden can come up with? In this entire nation, he can’t find anyone better? Seems to me he doesn’t want anyone better. He, or who is controlling him, wants only communists running things which is why I call this the “Marxist domestic enemy occupation” we are currently under.
Yep, now Xiden is bringing in commie foreigners to F up this nation.
I read about her yesterday, she went to the University of Moscow in the Soviet Union and her thesis was on Karl Marx. ALSO she was arrested back in 1994 for shoplifting 4 pairs of shoes and clothes from a TJ Maxx which the Marxist media has tried their best to hide. So besides being a commie, she’s also a thief. I was homeless for 2 years twenty two years ago in NYC. Even at my lowest I never shoplifted. What’s her excuse?
This is the best person Xiden can come up with? In this entire nation, he can’t find anyone better? Seems to me he doesn’t want anyone better. He, or who is controlling him, wants only communists running things which is why I call this the “Marxist domestic enemy occupation” we are currently under.
PRESIDENT TRUMP filled our reserves with CHEAP American oil. To replenish our reserves would monetarily benefit OPEC and China.
Likely an Obama pick.
Brandon sells cheap SPR oil meant to fuel our military in time of war to the CCP ;
the CCP uses it to fuel their military ;
in exchange, the CCP PAP(1) sends Fentanyl to the Chinese PAP cartel in Mexico ;
the Chinese PAP sells it to Mexican cartels ;
Mexican cartels smuggles the Fentanyl into the US to eliminate drug users.
Win win all around.
—
1. People’s Armed Police, the most brutal police organization in the world - deals with internal and external situations.
Haven’t heard that angle. Would appreciate more info
https://www.theburningplatform.com/2021/06/20/blackrock-in-the-white-house/
connecting the dots...thats all.
forgot to add this one...
https://www.morningstar.co.uk/uk/news/215497/whos-buying-evergrandes-bonds.aspx
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.