Oil from U.S. reserves sent overseas as gasoline prices stay high

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volsrock

Verified User
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.




https://www.reuters.com/business/en...verseas-gasoline-prices-stay-high-2022-07-05/



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.

This is incompetence in the extreme. Biden's got to be made to pay politically for this.


https://www.americanthinker.com/blo...s_strategic_petroleum_reserves__to_china.html
 
You have to understand that part of Biden's Big Bucks Blunder plan included funding to draw down and even eliminate the US strategic petroleum reserve. It's part of the radical Left's agenda to make energy unaffordable to the average American while allowing them to feel good about eliminating carbon for a nonexistent problem they can't even properly define being the simpletons with useless liberal arts degrees and scientific and technological illiterates.

This is the sort of insanity that happens when you let the inmates run the asylum...
 
The oil reserve is being taken down to almost nothing for a reason. It sure does look like China already runs the place.
 
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