The Washington Compost fails to mention that the 1 million barrels of oil that Biden sold to China from our Strategic Petroleum Reserve are going straight into China’s Strategic Petroleum Reserve and not into the market.
There will be no impact on pricing as a result.
Secondly, it strengthens China’s ability to withstand sanctions if they invade Taiwan.
Re: “The Washington Compost fails to mention that the 1 million barrels of oil that Biden sold to China from our Strategic Petroleum Reserve are going straight into China’s Strategic Petroleum Reserve and not into the market.
There will be no impact on pricing as a result.
Secondly, it strengthens China’s ability to withstand sanctions if they invade Taiwan.”
GMTA. I posted my #33 before I saw your post. Yours adds important analysis and bears repeating.