Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: MtnClimber

https://www.kpler.com/
Anyone out there with access to confirm this flow?


18 posted on 11/18/2021 5:02:52 AM PST by griswold3 (When chaos serves the State, the State will encourage chaos)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: griswold3; MtnClimber
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

26 posted on 11/18/2021 6:06:37 AM PST by daniel1212 ( Turn to the Lord Jesus as a damned+destitute sinner, trust Him to save + be baptized + follow Him!)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson