Posted on 11/18/2021 2:38:49 AM PST by MtnClimber
Even as Americans are dealing with gasoline-price inflation, the Biden administration has other plans for our oil reserves.
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?
(Excerpt) Read more at americanthinker.com ...
“I know it’s not Christian.
But damn these people to hell for what they are doing to our country.”
The “Christian” approach would be for the Hand of G_D to strike them down.
Or for them to be turned into pillars of salt
or . . .
you get the picture
About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve -- a monthly record -- was shipped out in October, according to data from market intelligence firm Kpler....it’s fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead,”
it is not strategic
it is a political tool to remove the presidential ass from a crack
It’s going to be Babylon. Sorry...
To be honest the article says Asia, not China. A sell to the Asian Market does not necessarily mean a sale to China. With that said, oil from our SPR should never leave US soil.
| Well, it seems to be part of a plan: |
In June, Reuters reported that the United States could sell $6 billion worth of crude oil from the SPR to help fund the massive infrastructure deal. The White House confirmed that the SPR was one of the proposed financing sources. The United States will hold its largest sale this year of crude oil from its SPR, at 20 million barrels. This amount is twice what it sold a few months ago, according to a statement issued on Monday by the Office of Fossil Energy and Carbon Management... The U.S. Department of Energy will take bids until August 31, with award contracts occurring by September 13... Earlier this year, the DOE sold 10.1 million barrels of crude oil from the SPR,.. As of August 20, there were 621.3 million barrels of crude oil in the SPR—this is 16 million fewer barrels than what was in the SPR in February, prior to the previous sale.- https://oilprice.com/Latest-Energy-News/World-News/US-Strategic-Oil-Reserve-Selloff-May-Suppress-Fuel-Prices.html |
| And as a somewhat mutual agreement, but who gets the short end?: |
China Releasing Some Oil From Strategic Reserves After U.S. Invite Bloomberg News Thu, November 18, 2021 (Bloomberg) -- China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs...“We will release more details on the volume of oil and date of its sale on our website in due time, just like we did in the first public auction”, said the reserve bureau’s spokeswoman. - https://finance.yahoo.com/news/china-releasing-oil-strategic-reserves-052659352.html |
That must be Brandon’s idea of strategery (sic).
Sam will pay somebody to get rid them so we get to pay twice.
Correctamundo.
Correctamundo.
The Biden regime. the cabal is broke. They are desperate for money. That’s the reason. That’s also the reason Washington, DC is a ghost town with no govt workers and the buildings deserted. Funny how nobody here on FR or in the MSM ever mentions it. Well except me. 😆. I’ll bet I’ll hear from the “they’re all working at home” crowd any minute.
Unfortunately you may be right, as he world as one from dumb to stupid.
this is proven???
Well, it seems to be part of a plan:
In June, Reuters reported that the United States could sell $6 billion worth of crude oil from the SPR to help fund the massive infrastructure deal. The White House confirmed that the SPR was one of the proposed financing sources. The United States will hold its largest sale this year of crude oil from its SPR, at 20 million barrels. This amount is twice what it sold a few months ago, according to a statement issued on Monday by the Office of Fossil Energy and Carbon Management... The U.S. Department of Energy will take bids until August 31, with award contracts occurring by September 13... Earlier this year, the DOE sold 10.1 million barrels of crude oil from the SPR,.. As of August 20, there were 621.3 million barrels of crude oil in the SPR—this is 16 million fewer barrels than what was in the SPR in February, prior to the previous sale.- https://oilprice.com/Latest-Energy-News/World-News/US-Strategic-Oil-Reserve-Selloff-May-Suppress-Fuel-Prices.html
And as a somewhat mutual agreement, but who gets the short end?:
China Releasing Some Oil From Strategic Reserves After U.S. Invite Bloomberg News Thu, November 18, 2021 (Bloomberg) — China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs...“We will release more details on the volume of oil and date of its sale on our website in due time, just like we did in the first public auction”, said the reserve bureau’s spokeswoman. - https://finance.yahoo.com/news/china-releasing-oil-strategic-reserves-052659352.html
Yep, I know, already is...in that case a “once great nation” it is..
Let the judgement fall, clear the path
Naturally. If can hurt America, Biden will do it. Having an oil reserve will be invaluable when China attacks, therefore we must drain it.
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