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USA Already Exporting Oil from SPR at Record Pace

Doc7505

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USA Already Exporting Oil from SPR at Record Pace

112 Nov 2021 ~~ By Bloomberg / Devika Krishna Kumar

If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.
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.

Comment:
First why has Bai Dung authorized depleting our SPR fuel reserves? The SPR is part and a prime requirement of and for our National Security.
This act is tantamount to treason by the president of the U.S.
In a previous posting, I mentioned that the SPR should be used wisely to protect our National Security and interests. Yes, I can see releases to offset emergencies within the U.S., However this blatant and illogical decision by Bai Dung to authorize the sale of our SPR to China is beyond the pale.
This is just another lame brained move of Joey Xi in one of his demented moments.
 

mudwhistle

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occupied

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Oil is sold on the open market. Who's buying?
 

Golfing Gator

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Is there any sort of verification this actually took place?
 

22lcidw

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Look at all the illegal and unconstitutional things that happened this year without anyone saying even a word about it and tell me, does it matter to the current administration?
Progs wull cry the loudest when it turns on them. And it will be by their own for the most part.
 

Otis Mayfield

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Why would it be illegal?

It's our oil.
 

Golfing Gator

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Why would it be illegal?

It's our oil.

It is not there for us to give to other countries, or sell for that matter.

If this is real, it is a big deal in a very bad way
 
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Doc7505

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Obiwan

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USA Already Exporting Oil from SPR at Record Pace

112 Nov 2021 ~~ By Bloomberg / Devika Krishna Kumar

If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.
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.

Comment:
First why has Bai Dung authorized depleting our SPR fuel reserves? The SPR is part and a prime requirement of and for our National Security.
This act is tantamount to treason by the president of the U.S.
In a previous posting, I mentioned that the SPR should be used wisely to protect our National Security and interests. Yes, I can see releases to offset emergencies within the U.S., However this blatant and illogical decision by Bai Dung to authorize the sale of our SPR to China is beyond the pale.
This is just another lame brained move of Joey Xi in one of his demented moments.
Well, Xi needs oil for his military while our forces run dry....

Something about Hunter needs to sell his Kindergarten drawings, right????
 

Staidhup

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Fallow the bouncing ball, curtail domestic production, get caught with your pants down, attempt to justify forcing Americans to buy an electric vehicles using high pump prices, then when faced with a massive backlash deplete national reserve’s. Who the hell is running the insane asylum anyway?
 
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Doc7505

Doc7505

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Had Bai Dung not destroyed America's ability to drill and pump petroleum it would have been alright. However, every move Joey Xi has made since January 21st has been to deplete and destroy America's ability to sustain itself.
The goal is the Green Deal whether Americans want it or not.
 

Golfing Gator

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Doc7505

Doc7505

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Fallow the bouncing ball, curtail domestic production, get caught with your pants down, attempt to justify forcing Americans to buy an electric vehicles using high pump prices, then when faced with a massive backlash deplete national reserve’s. Who the hell is running the insane asylum anyway?
Surely it the inmates......
 

Manonthestreet

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Fallow the bouncing ball, curtail domestic production, get caught with your pants down, attempt to justify forcing Americans to buy an electric vehicles using high pump prices, then when faced with a massive backlash deplete national reserve’s. Who the hell is running the insane asylum anyway?
There wont be enough electric vehicles to force people into for decade or more
 

KissMy

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Government got paid -$40/barrel to fill the SPR.

Now Biden is cashing in at $80/barrel paying down Deficit!

Biden Rules, Repubtards Drool.
 

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