According to Reuters, more than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month.
We don’t have much in the way reserves and this isn’t what politicians should be doing.
This took place even as U.S. gasoline and diesel prices touched record highs.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden designed 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. Biden is pretending the oil and gas companies are gouging when the problems are his policies.
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.
This isn’t what it’s supposed to be used for! They are for EMERGENCIES like wartime.
U.S. crude futures are above $105 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation, AAA reports. U.S. officials have said oil prices could be higher if the SPR had not been tapped.
In other words, Biden hasn’t done one damn thing to lower prices that is meaningful.
You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:
Is any of this oil being replenished?
Biden said this is a time of war in speech, Exactly who are Americans at war with?
Trump purchased those SPR at all time low. What happens next. We all know.
We, Americans are now at war with our elected officials. All of them are on the table. You know, zero tolerance, same as work
Hunter made millions, possibly billions in the oil and gas field. Maybe he could help, with hurricane season approaching and all…..
Those reserves are supposed to be used only if we are at war. Without those reserves, we are sitting ducks for the enemy. This has been done on purpose. Josef Stalin Biden is setting America up to be defenseless when his real boss, China comes to invade. He is PURPOSELY destroying our economy, our military, our energy, food supply and plotting to take our guns away, all to make us weak and easily destroyed by the enemy. This is TREASON, 100%, and beyond any shadow of a doubt.
Why are WE not marching into D.C., dragging him out of our White House and putting him on trial???
And why are OUR ELECTED REPUBLICAN OFFICIALS so deafeningly silent about everything the Biden Cabal is doing? Why are they not screaming from the rooftops everywhere about everything? Why do they only cower in the corners and say and DO nothing? When is the last time you’ve heard from any one of them?
Their silence can only be interpreted as tactic approval.
Gee what a shock, Corrupt Joe Biden screwing the American people and nation.
Surprise! Surprise! Surprise! But remember, Obama did the same thing when he raided our strategic reserves to lower (NOT!) oil prices when they got crazy high during his regime. He allowed phony “oil brokers” with no experience in the industry to set up shop in apartments to sell this oil, half went to Europe.
Who do you think is really behind all this? It isn’t ‘Biden’ its Obama, that’s why our emergency reserves are being drained dry as we speak, that turd utterly HATES America with a passion and would love to see American burn down in flames if possible.
how in the world can he just do shit like that?
what next he’ll just give away Fort Knox and all the gold
How? Because Congress will NOT hold the low IQ putz accountable. Congress is just as corrupt as the low IQ putz. When you don’t have a moral government, this is the crap you have to put up with. As Franklin said… the Republic designed by the Founding Fathers was for a moral people.
What gold? When France wanted their gold reserves back America told them to wait, and what France got back didn’t have their Nation’s stamp on their gold, its dry as a bone.
Many of our ‘allies’ have been getting cold feet with their gold and wanting their stocks returned, many are being stonewalled by the Fed reserve over getting their gold back.
The dollar would be trash overnight if people truly knew how little gold this country really has left if any at all.