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We sent over 5 million barrels of oil from strategic reserve to Europe and Asia last month

Posted on 7/5/22 at 2:16 pm
Posted by OMLandshark
Member since Apr 2009
110032 posts
Posted on 7/5/22 at 2:16 pm
Reuters

quote:

HOUSTON, July 5 (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices touched record highs.

The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden designed to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos. read more

About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $105 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.


Un-fricking-Believable. Last I checked “Reserve” doesn’t mean shipping shite to Europe and Asia while Americans suffer. Just make a quick buck to the detriment of Americans. It’s hard to see that the destruction of our country isn’t intentional at this point.
Posted by LNCHBOX
70448
Member since Jun 2009
84488 posts
Posted on 7/5/22 at 2:16 pm to
quote:

Last I checked “Reserve” doesn’t mean shipping shite to Europe and Asia while Americans suffer.


Because you don't speak brandonese.
Posted by Vamos Brandonos
Member since Mar 2022
1021 posts
Posted on 7/5/22 at 2:17 pm to
Price we all must pay for nice tweets.
Posted by DMagic
#ChowderPosse
Member since Aug 2010
46504 posts
Posted on 7/5/22 at 2:18 pm to
Malarkey
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 7/5/22 at 2:18 pm to
quote:

Just make a quick buck to the detriment of Americans.

Wait, who, exactly, is making the buck?
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
22898 posts
Posted on 7/5/22 at 2:20 pm to
Look Jack, here's the deal: you can have low gas prices and a full oil reserve for Americans, or you can have a country with a corrupt government free of Russian influence so our elites can continue to launder their money. You can't have both.
Posted by VADawg
Wherever
Member since Nov 2011
45251 posts
Posted on 7/5/22 at 2:21 pm to
quote:

Last I checked “Reserve” doesn’t mean shipping shite to Europe and Asia while Americans suffer.


That's because you aren't a communist/Marxist.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73729 posts
Posted on 7/5/22 at 2:23 pm to
At one point the OT cheered opening up crude oil exportation.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11298 posts
Posted on 7/5/22 at 2:24 pm to
Sounds very strategic
Posted by Caraway Rye
Member since Oct 2021
5108 posts
Posted on 7/5/22 at 2:25 pm to
quote:

U.S. officials have said oil prices could be higher if the SPR had not been tapped.


Which is it?

Biden has no impact on oil prices or he does.

Why are Democrats 100% of the time lying mentally ill fricks
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/5/22 at 2:31 pm to
quote:

We sent over 5 million barrels of oil from strategic reserve to Europe and Asia last month



do you know how much oil we have in our strategic reserves?
Posted by Klark Kent
Houston via BR
Member since Jan 2008
67051 posts
Posted on 7/5/22 at 2:31 pm to
Look here Fat, we had to do this because:

Putin.
The Pandemic.
it's a Global Problem.
the greedy Big Oil Companies.
the greedy gas station companies.

Posted by TexasTiger1185
New Orleans
Member since Sep 2011
13076 posts
Posted on 7/5/22 at 2:33 pm to
I’m not sure this means what you think it means.
Posted by HogBalls
Member since Nov 2014
8596 posts
Posted on 7/5/22 at 2:37 pm to
Of course. The country is being ran by terrorists
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
43700 posts
Posted on 7/5/22 at 2:55 pm to
Well we even we were totally energy independent we imported millions of barrels of oil because we exported millions. i know this isn’t popular opinion because so many oil and gas boys work here, I worked for them at one time too mfers, and they couldn’t have been better to me, but that said if China offers more for their product they will ship it all to China. That’s business
Posted by HenryParsons
Member since Aug 2018
1552 posts
Posted on 7/5/22 at 2:59 pm to
quote:

The federally-owned oil stocks are stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico. The sheer size of the SPR (authorized storage capacity of 714 million barrels) makes it a significant deterrent to oil import cutoffs and a key tool in foreign policy.


Dept. of Energy
This post was edited on 7/5/22 at 3:01 pm
Posted by danilo
Member since Nov 2008
20501 posts
Posted on 7/5/22 at 3:02 pm to
Trump 2024!
America First!
Posted by michael corleone
baton rouge
Member since Jun 2005
5842 posts
Posted on 7/5/22 at 3:17 pm to
This is malfeasance to say the least. We are extremely vulnerable to an energy crisis , whether it result from an attack or natural event.
Posted by TigerLife63
Baton Rouge
Member since Aug 2019
210 posts
Posted on 7/5/22 at 3:23 pm to
frick that piece of shite. This is ridiculous.
Posted by NPComb
Member since Jan 2019
27570 posts
Posted on 7/5/22 at 4:07 pm to
quote:

We sent over 5 million barrels of oil from strategic reserve to Europe and Asia last month


“America Last” is a great campaign slogan - not as good as “As long as it takes!” But he’s on to something.
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