Biden Using Strategic Petroleum Reserve to Ship Oil to Asia

[danielpalos]

Now could be the best time to upgrade our mass transit systems to include easily maintainable energy infrastructure.

 

[Weatherman2020]

He's right.. Oil production is driven by the ppb and market demand, not by drilling. When the ppb goes high US producers borrow money and invest in leases, exploration and drilling. Remember, the US has the highest production costs in the world.

The oil business is a business not some altruistic exercise.. They are capitalists. You Trumpies are always screaming "Communists, Marxists" and then you demand cheap gas at the pump.

Shitforbrains says if everyone stopped drilling oil the price of gas would remain the same.

 

[surada]

Shitforbrains says if everyone stopped drilling oil the price of gas would remain the same.

LOL..What are you talking about?

 

[danielpalos]

Upgrading underground infrastructure should include mass storage.

 

[healthmyths]

You two fools have no idea how much oil, NG, and oil is exported out of the US. When Trump was doing the same you guys had no idea nor did you care.

Not out of the Strategic Petroleum reserve and shipped to Asia! That is the point

 

[Harpy Eagle]

Not out of the Strategic Petroleum reserve and shipped to Asia! That is the point

They are doing so because a law passed by the GOP congress in 2015 requires them to do so.

U.S. to sell up to 20 mln barrels of SPR oil to comply with 2015 law

The U.S. Department of Energy said Monday it would sell up to 20 million barrels of crude from the emergency oil reserve to comply with legislation passed in recent years.

www.reuters.com

 

[healthmyths]

WASHINGTON (Reuters) - President Donald Trump’s 2021 budget released on Monday proposed a sale of 15 million barrels of oil from the emergency petroleum reserve to help pay for projects overseen by the Department of Energy.

Trump's budget proposes sale from emergency oil reserve

President Donald Trump's 2021 budget released on Monday proposed a sale of 15 million barrels of oil from the emergency petroleum reserve to help pay for projects overseen by the Department of Energy.

www.reuters.com

Thank you! Great article but didn't say if was being sold to Asia...i.e. China!

 

[Dragonlady]

Xiden is selling our emergency reserve to our enemy.

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.

"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.

U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

www.bloombergquint.com

What does an Indian Business website know about American oil shipments?

The Quint’s biased and wayward journalism may hurt Bloomberg’s global brand

There are way too many controversies related with The Quint. Does Bloomberg not care about its brand image? | OpIndia News

www.opindia.com

 

[The Original Tree]

Xiden is selling our emergency reserve to our enemy.

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.

"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.

U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

www.bloombergquint.com

W T F is wrong with EmperorShitzHizPantz?

 

[The Original Tree]

They can't understand the lies that Trump fed them.

Biden left a Lie in his diaper for you, loon tard. Go clean it up ass licker.

 

[22lcidw]

Biden has a lot of subterfuge in him. A lot of things happening secretly or not reported. Like he is a double agent.

 

[bripat9643]

Trump didn't know anymore about the oil business than you do. That's why fat boy bragged about "taking" Syrian oil.

Premarket stocks: Oil prices are finally falling. Thank China and Joe Biden

When did Trump ever brag about "taking" Syrian oil?

 

[bripat9643]

Of course Trump lied... Everyone in the oil business was laughing at the fat Orangutang.

We're all laughing at you for thinking you know anything about the oil business.

 

[Harpy Eagle]

Thank you! Great article but didn't say if was being sold to Asia...i.e. China!

We sell it to the highest bidder.

 

[Lesh]

Premarket stocks: Oil prices are finally falling. Thank China and Joe Biden

Fucking Trumpers have been bitching about oil prices and whining that Biden hasn't done anything.

Well he's doing something. Releasing oil from the Strategic Reserve and it's bring down prices.

Predictably...Trumpers/Republicans...are whining

 

[22lcidw]

Premarket stocks: Oil prices are finally falling. Thank China and Joe Biden

Fucking Trumpers have been bitching about oil prices and whining that Biden hasn't done anything.

Well he's doing something. Releasing oil from the Strategic Reserve and it's bring down prices.

Predictably...Trumpers/Republicans...are whining

Biden screwed the system up. It was all there for our use and from this continent. Progs said they knew better. Every day. Still do. Telling people they have plenty of money. Tell that to the poorer areas. They are seeing something that has not been seen at least partially since the 1970's.

 

[bripat9643]

Prices for oil are an international market the US doesn't control the prices or the production.

It does control its own production, moron.

 

[bripat9643]

Premarket stocks: Oil prices are finally falling. Thank China and Joe Biden

Fucking Trumpers have been bitching about oil prices and whining that Biden hasn't done anything.

Well he's doing something. Releasing oil from the Strategic Reserve and it's bring down prices.

Predictably...Trumpers/Republicans...are whining

How long do you imagine that will work?

 

[Calypso Jones]

 

[healthmyths]

We sell it to the highest bidder.

Incuding the CCP