Dumping the country’s oil reserves was the only strategy to lower energy prices that Biden would accept. He continues blocking domestic drilling and taxes remain high. The practical impact of the reserve releases was negligible and, worse still, five million barrels of oil from the reserve were actually exported abroad.
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.
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.
Considering the scale of even the national use, 20 million a day, there was never going to be much of an impact here.
U.S. officials have said oil prices could be higher if the SPR had not been tapped.
Ah, the hypothetical.
Anyway the oil went all over.
The fourth-largest U.S. oil refiner, Phillips 66 PSX.N, shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.
Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies TTEF.PA, exported 2 cargoes of 560,000 barrels each, the data showed.
Cargoes of SPR crude were also headed to the Netherlands and to a Reliance RELI.NS refinery in India, an industry source said. A third cargo headed to China, another source said.
Yes, the story wouldn’t be complete without China. Much like the PPP disaster, the government efforts invariably only punish Americans and reward Communist China.
somehistory says
Can anyone still spell *treason*? Perhaps like so many other words, the definition has been changed to suit the evil criminals in control. It once meant ‘giving aid and comfort to the enemy.” Aid….oil. enemy: biden is the enemy and china is his friend. New definition: biden has given aid to his friend.
Infidel says
Precisely! I see no other way to describe what this administration has done. I don’t think it’s personally so much Biden, rather than the hacks who are pulling his strings
somehistory says
You are right. Not just biden…but all who are working in front of the curtain and behind.
After all, ‘bo’ said that about “necessarily skyrocketing” energy prices under his “administration,” and j kerry said that there did not need to be any more drilling. It’s a gang of criminals having their way.
wpm says
Biden has to take care of Hunter,s interest ,how long has the FB Lie held Hunter,s lap top.I wonder what kind of deals he has made with the Chinese when he flew out on Air Force 2 with daddy when daddy was Vice President and meet with many “Banking” leaders there for golf and lunch on the USA taxpayers dime?
Keith O says
Surprised he didn’t send all of it to Russia and China for free.
This dickhead should be in a retirement home or sharing a jail cell with his son, not in the Whitehouse.
jeffery clemens says
China says, send us free oil or we will start talking about Biden.
wpm says
You got it we have an “elected” leader who can be blackmailed by our biggest enemy while members of congress can make bank on inside green new deal companies centered and based in that enemy ,s country. What can possible go wrong for the average American when he is sold out by our elected leaders?? The MSM is running cover for these scumbags !
gravenimage says
Barrels of Oil Released by Biden From Reserve Were Sent to China
………………….
Good lord–just when I think I can’t be shocked.
Besides, China is one of the few countries still buying oil from Russia, so it’s not even as if China really needs this right now.
Walter Sieruk says
President pretender Biden is a catastrophe and calamity for America and a treasonous disaster and traitorous tragedy for the American people and a treacherous curse upon the Taiwan and her citizens
In contrast, Bogus President Biden is a demonic blessing to that aggressive, hostile tyrannical Communist regime of mainland Red China.
Walter Sieruk says
Joe Biden is the sellout stooge and tool of the Communist President of Red China. Biden releasing tariffs President Trump enacted against that hostile anti- America Red menace reveals how, truly , treasonous and treacherous and completely to towards America and the American people.
What’s more Biden , in spite of his “bold” empty words about having the United States defend Taiwan if China attacks and invades her , Biden not keep his word about “aiding or helping Taiwan if her is attacked by China. For Biden is a pathological liar
Joe Biden is a curse upon America and her people and a curse to Taiwan and her people but a demonic blessing on Communist China and its comrade rogue nations as Islamic Iran and North Korea.
Walter Sieruk says
The Communist President of China, Xi Jinping and his fool tool Joe Biden is showing what a fitting political match they make.
Jinping and Biden together might, fittingly, be titled “The puppet master and his puppet.”
Even though Biden is less intelligent than Xi Jinping that in no way excuses creepy old Joe from the horrendous villainy they both share together. They both dangerous and wicked.
Likewise, this photo is a mirror reflection the rhetorical question posed in the Bible verse of Amos 3; 3.
Which is “Can two walk together, except they be agreed ?”
Walter Sieruk says
Joe Biden is so very corrupt and despicable that to give only one example out of many is that Biden eliminated many American tariffs on items made in Red China.
Obviously related to this is that Biden has a history of accepting “gifts” bribes, from Communists China.
.
Therefore Biden will be totally useless to aid or help Taiwan if she is attacks by Red China
For it has been written, “The wicked accept bribes in secret to pervert the course of justice.”
The Bible, Proverbs 17:23. [N.I.V.]
Hank says
Sarc/on
https://www.youtube.com/watch?v=BqgxocHdOcs
https://www.youtube.com/watch?v=BHirrK1UAO8
Sarc/off
James Lincoln says
Frank Gaffney gives an excellent analysis of the situation on frankspeech.com.
He specifically states that Biden’s actions are treasonous:
https://home.frankspeech.com/video/bidens-been-lying-american-people-shipping-5-million-barrels-strategic-petroleum-reserve
Walter Sieruk says
Joe Biden is so very weak and feeble-minded that the Communist President Red China can easily manipulate him as his “useful idiot.”
For example, Biden is such a mindless empty headed fool that even get an old saying right. For Biden exclaimed “Buy a man eat fish, the day teach man to a lifetime.”
Beneath the Veil of Consciousness says
Biden’s dictatorial and treasonous order to open the floodgates to illegal aliens seems to be a cover for his handlers at the C.C.P. to insure unfettered access to conduct chemical warfare against Americans in the form of fentanyl distribution. As we witness the January 6th hearings, the most dangerous, lethal, and treasonous acts are carried out each day with the blessings of a man who dares not question the actions of a rogue state for fear of his own past misdeeds, and that of the smartest man he’s ever known, being exposed.
Walter Sieruk says
Joe Biden is so very weak and feeble-minded that the Communist President Red China, Xi Jinping, can easily manipulate him as his “useful idiot.”
For example, Biden is such a mindless empty headed fool that even get an old saying right. For Biden exclaimed “Buy a man eat fish, the day teach man to a lifetime.”