Joe Biden moved into the Oval Office and Overnight took us from oil independence to begging OPEC to increase production. Now, people are saying that Biden needs to release oil from the Strategic Petroleum Reserve to bring the price of gasoline down for the holidays.
This is based on a Bloomberg report:
About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.
“Given the ongoing pace of the current SPR release — 12 million barrels in the last two months and the biggest weekly release so far last week at 3.1 million barrels — it’s fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead,” said Matt Smith, an oil analyst at Kpler.
The report does not say where in Asia the oil is going and I don’t have a clue, but there are two things I do know. China is fossil fuel-hungry and China is in Asia. And even if it gets delivered in other Asian countries does not mean it won’t end up in China. And where is the profit from this oil going? The oil was purchased when it was much cheaper. Furthermore, it is very likely that the cost of replacing the oil will be greater than what we sold it for.
Sick
IMPEACH this Anti-American CRIMINAL from America’s White House !!!! Along with
Harris , Pelosi , Schumer, Schiff, Nadler, Watters, AOC+3 = SOLVED !!!!
Oil companys will take Biden Out before they let him Ruin them !!!!
They will Hire the MOB to do it , just like Kennedy !!!!
ASIA MEANS CHINA !!!!! His FRIEND
Why did people vote for someone who HATES our country and is controlled by a foreign government? If people don’t wake up, the USA will be completely ruined.
Are you sure anyone did? 80+ million supposedly. Good luck finding a single one who will admit to it now.
That would be another treasonous act by the Brandon administration!
Biden better go Hiden if he don’t make American’s gas go Doooown & Turn office over to TRUMP or Americans
Will REVOLT !!!!!
That’s just it. He didn’t win! He cheated his way into the white house.
Isn’t he just special?