Biden Using Strategic Petroleum Reserve to Ship Oil to Asia

[healthmyths]

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

Sold to the CCP?

 

[Moonglow]

It does control its own production, moron.

In no way does the US inhibit oil production of private companies with national quotas.

 

[Moonglow]

Sold to the CCP?

Sold on the open market .

 

[Moonglow]

It does control its own production, moron.

I noticed you failed to tell us how production is controlled.

 

[LAUGHatLEFTISTS]

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.

 

[healthmyths]

Sold on the open market .

Please prove that.

 

[healthmyths]

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.

Alert — Biden is selling our Strategic Petroleum Reserve to Asia…

It’s no secret that Americans are paying record prices at the gas pumps. Rapidly ascending prices also affect the cost of all the goods and services that are an integral part of the American…

citizenfreepress.com

 

[bripat9643]

In no way does the US inhibit oil production of private companies with national quotas.

Who said it was done with quotas?

 

[bripat9643]

I noticed you failed to tell us how production is controlled.

By not allowing fracking or drilling on federal land, dumbass.

 

[Harpy Eagle]

Incuding the CCP

Can you offer any proof that is where it went?

 

[Harpy Eagle]

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.

Alert — Biden is selling our Strategic Petroleum Reserve to Asia…

It’s no secret that Americans are paying record prices at the gas pumps. Rapidly ascending prices also affect the cost of all the goods and services that are an integral part of the American…

citizenfreepress.com

Asia is a big continent.

 

[Lesh]

China is also releasing oil from ITS reserves

 

[healthmyths]

Asia is a big continent.

AND???

 

[Moonglow]

By not allowing fracking or drilling on federal land, dumbass.

Despite a Pledge to Ban It, Oil and Gas Permitting Is Up Under Biden​

Despite a Pledge to Ban It, Oil and Gas Permitting Is Up Under Biden

Legal and political realities seem to have tempered the administration’s ambitions for ending fossil fuel extraction on federal lands.

www.audubon.org

 

[Moonglow]

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.

Alert — Biden is selling our Strategic Petroleum Reserve to Asia…

It’s no secret that Americans are paying record prices at the gas pumps. Rapidly ascending prices also affect the cost of all the goods and services that are an integral part of the American…

citizenfreepress.com

So what..

 

[Moonglow]

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.

DOE Announces Contract Awards for Crude Oil Sales from the Strategic Petroleum Reserve

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.

www.energy.gov

 

[Lesh]

Sounds fair and equitable...and should help lower the price of gas

Bravo

 

[struth]

Joey Xiden bailing out his masters in the CCP

 

[WEATHER53]

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.

 

[danielpalos]

Upgrading infrastructure should increase supply.