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Posted on 07/06/2022 8:43:18 AM PDT by Dalberg-Acton
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.
About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.
(Excerpt) Read more at reuters.com ...
Draining our STRATEGIC oil reserve while fomenting war is enemy action.
This is the third term of the Kenyanesian Usurpation.
Ignoring that Obama was never eligible was a fatal mistake.
Anyone born with more than ONE nationality is NOT NATURALLY an American.
TREASON
Reuters reported something negative about the Pedo Joe administration?
I suppose even reporters have to put gas in their tanks.
Biden’s stupidity is extremely dangerous.
That was five million barrels of oil that belonged to American citizens that should have remained on our shores and met the America’s energy needs for six hours.
New Liberal World Order...
It’s not stupidity. It is intentional.
There’s really no other way to put all of this supposed incompetence into perspective.
It’s treason.
For the Great Reset to succeed the United States must be destroyed.
Treason. Reuters reporting this is a big surprise. Maybe just maybe they are getting ready to toss Biden.
I’ll always be thankful Obama saved us from a McCain presidency. On the other hand he made it plausible that Joe could be a POTUS.
At what point does the money change hands?
If it happens on foreign soil, 10% for the big guy.
President Retard Sellout of the century 🤪
McCain and Romney were both willing intentional Designated Losers.
They lost on purpose.
The Uniparty wanted the natural born citizen clause neutered.
We were going to have the Kenyanesian Usurpation because BOTH parties wanted it.
The strategic oil reserve wasn’t even meant for our tanks.
The idea that anyone gets it outside of the military is criminal.
I’m assuming the GOP will soon be calling for an investigation as a first step in starting impeachment proceedings?
“I’m assuming the GOP will soon be calling for an investigation as a first step in starting impeachment proceedings?“
HA!HA!HA!HA!HA!HA!HA!HA!HA!HA!!!!!!!!!!!!!
Stop it… you’re killing me!!…
That’s the best joke I’ve heard all week!!!!!
America LAST.
BTW a lot of what’s in the Reserves is “sour” high sulphur crude that never should have been stockpiled anyway. I believe I’ve read that there’s only one refinery in the whole USA that can handle it. Get rid of it and refill with sweet crude that any of our refineries can process.
Will that happen? Not with wild-eyed Democrats in power.
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