Posted on 08/31/2022 7:40:44 PM PDT by bitt
The United States’ strategic oil reserves fell to a 37-year low as President Joe Biden continues to release millions of barrels of oil and put them up for sale, with most going overseas.
According to the latest report from the Department of Energy, the U.S. Strategic Petroleum Reserve (SPR) fell to 453.1 million barrels as of Aug. 19. This is the lowest level the SPR has been since Jan. 1985.
Stockpiles have fallen by more than 180 million barrels this year as the Biden administration ordered the release of record amounts of crude oil, supposedly to cool sky-high inflation and rising gasoline prices. (Related: Biden and the globalists will destroy the oil industry and collapse the American energy grid.)
The massive sell-off began in March, when Biden announced that the U.S. would release one million barrels of oil a day for six months as energy prices soared following Russia’s invasion of Ukraine.
By early July, around 125 million barrels were already sold off. The White House then announced that the country would release another 20 million barrels in August, with around 18 million having already been released.
Despite the release of nearly 200 million barrels of oil, gas prices in the U.S. have not gone down significantly. In Dec. 2020, former President Donald Trump’s last full month in office, gasoline prices averaged $2.28 per gallon. Gas prices since then have risen, with regular unleaded reaching a record-high of $5.016 in mid-July.
The Department of the Treasury claims gas prices would be around 40 cents per gallon higher had Biden not opened up the SPR.
US keeps selling oil to Asia, especially to China
Tens of millions of barrels from the Strategic Reserves are going to Asia in record amounts. Buyers from China, India and South Korea
(Excerpt) Read more at treason.news ...
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Old toilet licker up to more nastiness.
Not a word if this has been reported
Traitor……
And, China is selling it to Europe.
With 10% for the big dementia addled guy, no doubt.
Traitor, indeed.
All the while, the world literally burns around this idiot-ridden BidenIdiot Regime.
Coming to a neighborhood near you, and me, and all of us......
‘Escalating Blowback from Russian Sanctions’
https://sonar21.com/escalating-blowback-from-russian-sanctions/
One must only look at the fruit on a persons tree to know where there heart is.
The Donald had what was best for America and our people at heart and if he could make friends, allies, and even adversaries benefit through win-win negotiations he would make it so.
POTUS 45 Only had one shortcoming, he didn’t see the benefit to the citizens of America, or the world in promoting/providing graft to TPTB. Therefore he had to go.
The events in the world today remind me of that blues song with the chorus “Boom, Boom, Boom, out go the lights!”
WWG1WGA!
Any idea what our natural gas supplies look like? I have a nagging suspicion that we will find US natural gas in short supply and expensive as hell this winter.
None dare call it treason.But I will.
Don’t worry Trump had some documents.
TREASON!
Lucky for us we have plenty of refineries
and true emergencies never happen
and unicorns can fuel electric cars. Otherwise we’d be up the creek without a paddle.
Yep!
Not a word of this has been reported <<
I think it may be “STRATEGIC” ...
Kinda like 30 million new “citizens” ...no big deal...
The SPR release ends in September Then what?
The American press whores for democrats... that’s why this isn’t covered.
And most reporters can’t do math at an 8th grade algebra level - so they don’t understand why this matters.
Transferring our oil reserves to China while dissolving the military and chasing the warriors out. Expending our inventory of advanced weaponry in Ukraine while Xi Jin Ping smiles and builds.
Does that matter in a corrupt government? Nooo.
The silence from the Republicans is deafening.
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