Posted on 07/06/2022 7:25:38 AM PDT by RummyChick
Joe Biden has shipped five million barrels from the United States' Strategic Oil Reserve abroad, after claiming that releasing them would help ease Americans' pain at the pumps.
The president faces accusations of a sneaky sleight of hand as it was revealed that between a fifth and a sixth of the reserve oil he bragged about releasing to boost supply made its way offshore to Europe and Asia in June.
Biden authorized the release of a million barrels a day from April onwards. But his action has done little to combat soaring gas prices, with the national average sitting at $4.74 as of Tuesday - still far above the $2.28-a-gallon average from just before he took office.
Biden's announcement about releasing the oil barrels was made in April, and saw him say: 'These releases will put more than one million barrels per day on the market over the next six months, and will help address supply disruptions caused by Putin's further invasion of Ukraine and the Price Hike that Americans are facing at the pump.'
But it has had little effect, with a closer look at the press release revealing that the oil released from the strategic reserve was always destined for the highest bidder - even if they were overseas.
That is due to strict international rules dictating the sale and supply of oil - although a regular American who listened to Biden's proclamation in passing would likely have believed that the increase in supply would have been destined for domestic refineries, to lower US prices.
'Crude and fuel prices would likely be higher if (the SPR releases) hadn't happened, but at the same time, it isn't really having the effect that was assumed,' said Matt Smith, lead oil analyst at Kpler.
(Excerpt) Read more at dailymail.co.uk ...
Unless you want the government to dictate pricing to the petroleum industry.
It’s Dementiajoe’s Demonicrat puppetmasters who are doing this in order to bring down the United States to where they can declare martial law.
LIAR!
P
IMPEACH! #SENILEMANBAD
LIAR! Not you, Joe.
Let me make clear: I hate bullies and Russia is ruled by them. I like Russians in general but if Russia must be brought to its knees to stop them from invading their neighbors and threatening everyone else then so be it.
Like Oil and water, oil and Biden just do not mix.
JOe can quit, and hire Rick Perry to sort the mess out. (as if, sarc.).
Joe would rather ruin the whole economy of the USA and the G7 for the Gobalist-Marxist reset. But first they need to beat everyone down. I am beginning to think that maybe Putin is on to something,resisting the hegemon of the Progressive Globalists. They are indeed proving themselves to be fascists, taking away everyone’s living for our own good.Eff them.
The Red Tsunami cannot come soon enough. MAGA!
Joe Biden wants a conventional war in Europe that will last far into the future. Biden needs to be stopped. Immediately.
He’s emptying the reserves so we have nothing. I said it as soon as he opened the tap.
True but it just adds to the frustration when you see domestic news outlets act as Joe protectors.
Russia has state interests.
The US has state interests.
They are not exclusive and overlap in many areas.
US leadership is not pursuing US state interests. Russia is pursuing their state interests.
There is no conflict with US interests by Russia swallowing Ukraine. None.
Actions that increase the price and decrease the availability/production of energy and food are contrary to US interests.
Realpolitik.
Because they support Ukraine above America.
And they support Socialist, Authoritarian, Crooked, Government Bureaucrats above the Constitution and Liberty.
That's the sad truth.
And why in the name of the Citizens of the USA isn’t any of our “elected representatives” doing ANYTHING to stop this?
Biden has to go. He is systematically destroying this country and we are just letting him. We have to stop him now.
TREASON, IMO.
BTT
Then we disagree. I’ll continue supporting anyone who wants to kill Russian invaders. You can continue to support Putin and Russia.
TUCKER CARLSON HAD A SEGMENT ON THIS TONIGHT.
WILL POST AS SOON AS IT IS AVAILABLE.
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“BIDEN WANTS TO RELEASE 1 MILLION BARRELS A DAY.
CARGO HEADED TO NEATERLANDS AND INDIA,”
“AND TO CHINA.”
MEDIUM SOUR CRUDE - BEST QUALITY.
NOW, ...THE BIDENS HAVE A COMMERCIAL RELATIONSHIP WITH CHINA.
A FUNCTIONING CONGRESS WOULD IMMEDIATELY INVESTIGATE THIS...
~~~~~~~~
THE US GOV’T IS SELLING OUR BASIC ASSET, MILLIONS OF BARRELS, TO CHINA WHILE AMERICANS ARE STRUGGLING TO HAVE THE FUEL TO GET TO WORK AND LIVE THEIR LIVES.
Meanwhile, Biden is blaming the oil companies and the mom and pop stations for inflating the prices for profit.
Brian Deitz - NATIONAL ECONOMIC COUNCIL
“This is about the future of the liberal world order and we have got to stand firm”
~~~~~~~~~
We are selling off an asset to China - Tim Stewert, US Gas and Oil Assn -
1. Do we have the refining capacity after the 10% of refineries we lost since Biden took office?
2. Selling it overseas will affect the price here if enough is sold. Just like how blocking exploration and drilling here raised the price for the rest of the world.
Neither of these things make his actions competent, but they are part of the discussion.
High gas prices are the goal. He just wants to redirect the blame.
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