Biden Using Strategic Petroleum Reserve to Ship Oil to Asia

When talking with leftist about economics and things that affect the economy such as oil remember these are the people that actually believed Obamacare was going to save so much money it would pay down the deficit. Think about that for a second. Just believing it is ridiculous then add on the fact they believed it would save every family 2500 dollars a year and the politicians would actually pay down the deficit with the extra savings instead of pissing it away to get re-elected.
It really puts into perspective the mindset your dealing with.
 
We sell it to the highest bidder.
All three supertankers went 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.


As far as I can tell, the administration has not explained why, with Americans struggling to keep up with rising fuel prices, it’s shipping our SPR to Asia. During the virtual meeting between Biden and Xi Jinping, the two men allegedly discussed releasing oil from both countries’ petroleum reserves but made no mention of the sales to Asia that already took place.
 
All three supertankers went 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.


As far as I can tell, the administration has not explained why, with Americans struggling to keep up with rising fuel prices, it’s shipping our SPR to Asia. During the virtual meeting between Biden and Xi Jinping, the two men allegedly discussed releasing oil from both countries’ petroleum reserves but made no mention of the sales to Asia that already took place.

Asia is a big continent.
 
All three supertankers went 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.


As far as I can tell, the administration has not explained why, with Americans struggling to keep up with rising fuel prices, it’s shipping our SPR to Asia. During the virtual meeting between Biden and Xi Jinping, the two men allegedly discussed releasing oil from both countries’ petroleum reserves but made no mention of the sales to Asia that already took place.
So what..
 
Please prove that.
Washington, D.C. – Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management announced that contracts have been awarded from the recent Congressionally-mandated Strategic Petroleum Reserve (SPR) crude oil sale.

On August 23, 2021, DOE issued a Notice of Sale for a price-competitive sale of up to 20 million barrels of SPR crude oil. A total of 15 companies responded and 104 bids were submitted for evaluation. Contracts were awarded to the following eight companies:

  • Atlantic Trading & Marketing, Inc.
  • Chevron USA
  • ExxonMobil Oil Corporation
  • Marathon Petroleum Supply and Trading, LLC
  • Motiva Enterprises, LLC
  • Phillips 66 Company
  • Unipec America, Inc.
  • Valero Marketing and Supply Company
Of the 20 million barrels of crude oil awarded, 5.1 million will be sold from the SPR’s Bryan Mound site (near Freeport, TX), 6.1 million from the West Hackberry site (near Hackberry, LA), 0.75 million from the Bayou Choctaw site (near Baton Rouge, LA), and 8.05 million from the Big Hill site (near Winnie, TX). The SPR plans to schedule deliveries between October 1–December 15, 2021.

The Congressionally-mandated sale fulfills requirements of Sections 403 of the Bipartisan Budget Act of 2015 and partially fulfills Section 30204 of the Bipartisan Budget Act of 2018. The proceeds of the sale will be deposited in the U.S. Treasury by the end of the fiscal year.

For more information on the SPR, visit DOE’s website.
 
Sounds fair and equitable...and should help lower the price of gas

Bravo
 
When our reserves snd resources are depleted then he can really strangle those who made this country great while creating more lowest common denominators that libs think should be coddled and worshipped and they feel will vote Dem.
It All Stared with our Far Too Willing capitulation to hiding from Air Covid.
 
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