Treasonous Biden Junta Sells Strategic Oil Reserves to China


Hang on a second. The bill calls for the sale of 13% in 2028-2031.
the Secretary of Energy shall draw
down and sell from the Strategic Petroleum Reserve 87,600,000
barrels of crude oil during the period of fiscal years 2028
through 2031.

It seems you got a lot of facts wrong. None of the current sales are a result of the Infrastructure bill.

This was in the one story:
In 2015, the government agreed to sell 58 million barrels between 2018 and 2025.
 
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Hang on a second. The bill calls for the sale of 13% in 2028-2031.


It seems you got a lot of facts wrong. None of the current sales are a result of the Infrastructure bill.

This was in the one story:
In 2015, the government agreed to sell 58 million barrels between 2018 and 2025.

So Biden is continuing the treasonous policies of Obama, what's your point?
 
Joe Biden reportedly exports 5 million oil barrels despite US gas prices

https://nypost.com/2022/07/06/joe-biden-exports-oil-barrels-despite-us-gas-prices-report/

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


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

The Biden crime family is a wholly owned subsidiary of the CCP. Treason is a capital offense.

Appears “copy and paste” doesn’t know geography, shocker, there are over 48 countries in Asia, China being just one, and Murdoch, his source said Asia, not China, got caught lying again
 
Ok. Please provide the receipt where Biden sold oil to China.

An FOIA should take about 2 months. I'll happily wait.

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

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






3 minute read

Register now for FREE unlimited access to Reuters.com

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. read more
 
Hang on a second. The bill calls for the sale of 13% in 2028-2031.


It seems you got a lot of facts wrong. None of the current sales are a result of the Infrastructure bill.

This was in the one story:
In 2015, the government agreed to sell 58 million barrels between 2018 and 2025.

Wrong! It draws down the reserve for the reasons I listed. The current problem with oil prices made a convenient crisis for the radical Leftists in Joke's administration to start doing it earlier. With world oil production currently at about 90 million bbl per day, adding 1 million is nothing (maybe a 2% increase, if that). Five million bbl in a month is a tiny fraction of 1%. That could be done by increasing production alone and the SPR going untouched.
But Joke is drawing down the SPR while pushing to reduce production.

My point in showing the inclusion of that drawdown in legislation is to demonstrate that the Joke administration's intent is to try and destroy the energy sector and force Americans into using grotesquely expensive wind, solar, and other unworkable energy solutions.
 
https://www.reuters.com/business/en...verseas-gasoline-prices-stay-high-2022-07-05/

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






3 minute read

Register now for FREE unlimited access to Reuters.com

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. read more

I still haven't seem the map that shows China to be part of Europe. Can you pull it out of your ass so the rest of us can see it?
 
Wrong! It draws down the reserve for the reasons I listed. The current problem with oil prices made a convenient crisis for the radical Leftists in Joke's administration to start doing it earlier. With world oil production currently at about 90 million bbl per day, adding 1 million is nothing (maybe a 2% increase, if that). Five million bbl in a month is a tiny fraction of 1%. That could be done by increasing production alone and the SPR going untouched.
But Joke is drawing down the SPR while pushing to reduce production.

My point in showing the inclusion of that drawdown in legislation is to demonstrate that the Joke administration's intent is to try and destroy the energy sector and force Americans into using grotesquely expensive wind, solar, and other unworkable energy solutions.

So you are saying that the law that says they should sell from the reserve in 2028-2031 makes 2022 become 2028? Frankly that is an idiotic argument on your part.

“[T]he 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 -

Indeed, as the U.S. Department of Energy (DOE) explains, “DOE sells SPR oil in a competitive auction to the highest bidder” via a public sale.
https://www.cnsnews.com/blog/craig-...released-strategic-reserves-june-went-foreign


Why haven't the oil companies increased production? They have almost 9,000 permits that they haven't used to start drilling. Why is the number of active rigs so low with so many available permits? I suppose you think that is Biden's fault.

Wind and solar are some of the cheapest electrical production. Your refusal to live in the real world is your problem.
 
So you are saying that the law that says they should sell from the reserve in 2028-2031 makes 2022 become 2028? Frankly that is an idiotic argument on your part.


https://www.cnsnews.com/blog/craig-...released-strategic-reserves-june-went-foreign


Why haven't the oil companies increased production? They have almost 9,000 permits that they haven't used to start drilling. Why is the number of active rigs so low with so many available permits? I suppose you think that is Biden's fault.

Wind and solar are some of the cheapest electrical production. Your refusal to live in the real world is your problem.

In the US oil refineries are tapped out. One on the East Coast closed last year and capacity overall is down. We need to really build several new ones. The number of active rigs depends on the scheduling of drilling equipment. When leases aren't coming out, and some are discovered prior to drilling to be not worth drilling, you end up with scheduling problems. For example, Obama did away with most new leasing in the Caribbean and that led to drill rigs being hauled elsewhere. That in turn created a long lead time to getting a rig back into a US offshore lease when they reopened.

Wind and solar are the most expensive, and the proof of that is in actual usage. The world's most expensive electricity is all in countries that have gone in heavy on wind and solar. Your problem is that you believe what the myopic and scientifically illiterate Left believes.

Just as an example: To get one kilowatt-day of electrical power from solar you need about 5 kw of installed generation and about 3 kw of storage. To get one kilowatt-day of power from natural gas, coal, nuclear, etc., you need one kilowatt of installed capacity. Since both wind and solar are unreliable and unpredictable generation sources you also need backup means of production to make electrical power when the wind doesn't blow, and the sun doesn't shine.

That's the real world. You refuse to see that, and focus on just the cost of the panels. If the solar panels were FREE, solar would still be too expensive.

This is a major reason California now has the highest per-kilowatt cost of electricity in the US: More solar and wind = higher production costs = higher consumer costs.
 
It's the strategic reserve you retarded bitch.

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In the US oil refineries are tapped out. One on the East Coast closed last year and capacity overall is down. We need to really build several new ones. The number of active rigs depends on the scheduling of drilling equipment. When leases aren't coming out, and some are discovered prior to drilling to be not worth drilling, you end up with scheduling problems. For example, Obama did away with most new leasing in the Caribbean and that led to drill rigs being hauled elsewhere. That in turn created a long lead time to getting a rig back into a US offshore lease when they reopened.

Wind and solar are the most expensive, and the proof of that is in actual usage. The world's most expensive electricity is all in countries that have gone in heavy on wind and solar. Your problem is that you believe what the myopic and scientifically illiterate Left believes.

Just as an example: To get one kilowatt-day of electrical power from solar you need about 5 kw of installed generation and about 3 kw of storage. To get one kilowatt-day of power from natural gas, coal, nuclear, etc., you need one kilowatt of installed capacity. Since both wind and solar are unreliable and unpredictable generation sources you also need backup means of production to make electrical power when the wind doesn't blow, and the sun doesn't shine.

That's the real world. You refuse to see that, and focus on just the cost of the panels. If the solar panels were FREE, solar would still be too expensive.

This is a major reason California now has the highest per-kilowatt cost of electricity in the US: More solar and wind = higher production costs = higher consumer costs.

It's funny that you should mention that.
California produces 7.8% of its power with wind.
Texas produces 17% of its power with wind.
California produces 17% of its power with solar
Texas produces 4% of its power with solar.

By your argument, Texas power should cost as much per kwh as California. California is .25 and Texas is .13

Iowa gets 57% of its power from wind and 2% from solar and the price per kwh there is .12
MN gets 22% of its power from wind and 4% from solar and the price per kwh is .13
North Dakota gets 33% of its power from wind and the price per kwh is .10
Arizona gets 12% of its power from solar and the price per kwh is .13
Alaska only gets 2% of its power from solar and the price per kwh is .23
Nevada gets 28% of its power from solar and the price per kwh is .14

It would seem that California's problem is not the use of renewables but the fact that the state doesn't produce enough power so has to buy it from other states. Your argument seems to be nothing but bullshit since so many states produce more power from wind and solar than California but still have low electricity costs.

I am curious when the US ever did leasing in the Caribbean. Where exactly did that happen? In Haiti? Cuba? The Virgin Islands? Bermuda? Did you mean the Gulf of Mexico?
 
The goal is to eliminate the reserve, it is only the why that is in question, but it sure does look like our ach enemy the chinese already run the place and are conducting a controlled implosion.
 
The goal is to eliminate the reserve, it is only the why that is in question, but it sure does look like our ach enemy the chinese already run the place and are conducting a controlled implosion.

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(It's always a sinister conspiracy with you psychos, isn't it? :laugh: )
 
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