America Last: US Emergency Oil Reserves Sent Abroad, Including To China

More than 5 million barrels of oil were exported to Europe and Asia last month

• The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices.
• US crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation.
• US officials have said oil prices could be higher if the SPR had not been tapped.
   

  1. Courtesy of Reuters we know: more than 5 million barrels of oil that were part of the historic U.S. SPR release were exported to Europe and Asia last month, including top US geopolitical nemesis in the global arena, China, even as U.S. gasoline and diesel prices hit record highs.
  2. The SPR remains a critical energy security tool to address global crude oil supply disruptions,; a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil.
  3. In a widely mocked call, Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing rightful criticism from Amazon founder Jeff Bezos, because going after mom and pop gas stores merely demonstrates just how clueless the handlers of the senile presidential puppet truly are.

 

https://www.technocracy.news/america-last-us-emergency-oil-reserves-sent-abroad-including-to-china/