Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Biden releases U.S. Strategic Petroleum Reserves ... to China
American Thinker ^ | 07/06/2022 | Monica Showalter

Posted on 07/06/2022 9:36:14 AM PDT by SeekAndFind

Joe Biden is busy blaming gas station owners for the soaring prices of filling up at the pump.

Why, those dirty birds!

It's his latest scheme to deflect blame for the nasty price shocks he's brought on us, with gas going for about $5 a gallon nationwide, and $6-something in tax-happy, save-the-planet California.

He's also blamed Putin, Big Oil producers, oil refineries, Republicans, and anyone but himself when it's obvious enough that the root of the problem is his crush-the-oil industry policies that he launched on day one in the name of "going green." Combine it with his monster rounds of federal money-printing which has brought on authentic inflation, and it's a double whammy of inflation and constrained supply.

Oh, but rest assured, he says he's the good guy here: 

"I promise you I’m doing everything possible — everything possible to bring the price of energy down, gas prices down.  And I want to make sure we all work on this together."

So he babbled. That's from the White House official transcript.

His "everything possible" is weasel words. What he means is everything possible for him politically to bring down prices, not everything possible that will result actual price cutting at the pump.

That's why he's failed to reverse his horrible decisions on the Keystone XL pipeline from Canada, which would have brought America all the energy it needed, or reverse his bad decisions on drilling on federal land and waters which would have restored American energy independence and maybe even made the U.S. an exporter of energy again.


(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events; Russia
KEYWORDS: 1morebidenlover; 1morehumblekaren; 1moretime; anwr; biden4putin; bidenflation; ccp; china; demagogicparty; demagogue; gas; karinejeanpierre; keystonexl; opec; petroleum; putin; russia; sovietunion; spr
Navigation: use the links below to view more comments.
first 1-2021-32 next last

1 posted on 07/06/2022 9:36:14 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Now we learn that huge chunk of this oil has gone abroad — to Europe, which like the grasshopper that never bothered to save for a rainy day, what with Putin on the march demanding to be paid in rubles for his oil and natural gas, has left the continent short. Putin’s doing great on the price of petroleum, having lots of markets to sell to if Europe won’t buy from him, and the Russian ruble has strengthened. Worse still, a lot of this SPR release has gone to Asia, particularly China, which isn’t using it to fuel gas stations.

According to Reuters, which broke the story, it’s some 5 million barrels in just the last month alone, arriving at China’s Pacific ports.

See here:

https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

[EXCERPT]

HOUSTON, July 5 (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.

The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.

The Daily Mail explains how this can be happening:

SEE HERE:

https://www.dailymail.co.uk/news/article-10983315/Oil-U-S-reserves-head-overseas-gasoline-prices-stay-high.html?ito=social-twitter_dailymailus

[EXCERPT}

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.


2 posted on 07/06/2022 9:37:30 AM PDT by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Another charge for treason. Traitor Joe.


3 posted on 07/06/2022 9:37:54 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

And he’s seeking to refill it... with oil from.... You guessed it, Russia!!! Through brokers of course, but it will be Russian Crude. It’s the only way Hunter gets paid. Putin also gets his this way.


4 posted on 07/06/2022 9:38:16 AM PDT by Thunder90 (All posts soley represent my own opinion.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thunder90
The American Energy Alliance points out that it's actually worse than it looks -- China isn't even using the oil -- it's stockpiling it for its own strategic petroleum reserves, meaning, the U.S. oil taken off the market is not helping to lower the price of crude even on a worldwide basis.

China has also refused to play Biden’s game. Biden thought he had coordinated a global effort to release more than 1 million barrels per day of strategic oil reserves in order to reduce gasoline and diesel prices since he expected those reserves to be refined and sold to consumers. However, for every barrel of reserve the President has sold, China has taken a barrel off the global market, adding it to Chinese stockpiles. China’s stockpiling eliminated any benefit to U.S. consumers from the SPR release, instead reducing U.S. energy security while strengthening China’s energy security. 

 Our SPR energy is being drained by the Chicoms to fill their SPR, and the group notes that China is hoping to clean up on expanding refinery capacity, too, as Biden stymies America's. China, unlike Biden, always plans ahead.

The whole disaster is Biden-made and all we are getting out of it is the same high fuel prices, a lost stockpile of energy intended for emergencies, and the beefing up of the reserves of our competitors and enemies.

5 posted on 07/06/2022 9:39:33 AM PDT by SeekAndFind
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind

And we are going to refill the SPR with Russian oil at inflated prices. Russia will get $100/bbl, the broker gets $50, and somewhere Biden gets 10%.


6 posted on 07/06/2022 9:41:16 AM PDT by Thunder90 (All posts soley represent my own opinion.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

The whole disaster is Obama made and the Kenyanesian Usurpation, which we are in the third term of, was BIPARTISAN treason.


7 posted on 07/06/2022 9:42:25 AM PDT by Lurkinanloomin ( (Natural born citizens are born here of citizen parents)(Know Islam, No Peace-No Islam, Know Peace)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

and crickets from the fearless leaders in the GOP


8 posted on 07/06/2022 9:46:03 AM PDT by Jonny7797
[ Post Reply | Private Reply | To 1 | View Replies]

To: HighSierra5

What are the odds ANY MSM news outlet runs this? Reuters running it is a surprise. If it makes it to the nightly news broadcasts you will know they have decided Joe’s time is up. So far not even FNC is running it.


9 posted on 07/06/2022 9:47:18 AM PDT by gibsonguy
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

Effin heck. This man deserves impeachment. How the heck does Trump do good things for this nation and gets impeached but this guy is allowed to bring us to ruin? Where are the protests? Where are the Republicans? It’s astonishing.


10 posted on 07/06/2022 9:49:23 AM PDT by kelly4c
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Add to that Putin is selling China oil that we are boycotting.


11 posted on 07/06/2022 9:49:46 AM PDT by McGruff (Don't underestimate Joe's ability to f*** things up - Barack Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I just don’t know why this wouldn’t be treason. Why would a President do this to his country? Why? Why are the Democrats so on board with all this? What do they get out of our country sinking monetarily and morally to a point we no longer can exist as a whole?


12 posted on 07/06/2022 9:50:00 AM PDT by JoJo354 (Pray for our nation! It needs it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jonny7797

> and crickets from the fearless leaders in the GOP <

To be fair, it will soon be martini time at the country club. And members of the GOP elite have their priorities.


13 posted on 07/06/2022 9:50:44 AM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

They’re trying to bribe them to not buy cheap oil from Russia. Thats a game that can not be won.


14 posted on 07/06/2022 9:51:41 AM PDT by glorgau
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
This (release of the SPR to the ChiComs) is grounds for impeachment and credible charges of treason.

Does Liz Cheney know about this ?

15 posted on 07/06/2022 9:52:08 AM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING )
[ Post Reply | Private Reply | To 5 | View Replies]

To: JoJo354
> What do they get out of our country sinking monetarily and morally to a point we no longer can exist as a whole?

Power over every human being on the globe ... until the ChiComs execute them.

16 posted on 07/06/2022 9:54:08 AM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING )
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

If this isn’t considered to be an Act of Treason, I would be hard pressed to say what would be.


17 posted on 07/06/2022 10:00:26 AM PDT by Howie66 (Let's Go Brandon!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lurkinanloomin

It’s not just you using the “treason” word...I keep on seeing it more and more as time goes on. Not just in forum posts but in articles.

If we see a repeat of 2020 this fall, we cannot allow the Republicans to just say “Gee, shucks. Maybe next time”. There will be no next time.


18 posted on 07/06/2022 10:01:19 AM PDT by packagingguy
[ Post Reply | Private Reply | To 7 | View Replies]

To: JoJo354

It’s not Treason simply because a DEMOCRAT IS DOING IT. They subvert this country with impunity. Who is going to stop them, GOPe, RINOs, etc?????? -—SPIT-—


19 posted on 07/06/2022 10:15:09 AM PDT by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

It matters not to me how it happens but this treasonous POS criminal needs to be removed from the WH. Perp walked out with handcuffs and ankle bracelets and straight to prison would suit me.


20 posted on 07/06/2022 10:17:17 AM PDT by drypowder
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-32 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

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