The Strategic Petroleum Reserve is just that, an emergency reserve for the United States.
This is not oil that is to be shipped elsewhere, generally only used in times of war or when production has been shut down for some emergency reason.
Joe Biden has been releasing one million barrels a day as a way to lessen the price of gasoline.
That measure has been mostly ineffective, but he has also been doing something else with the oil.
According to a Reuters report, Biden sent five million barrels of crude overseas, including China.
No Idea
United States crude inventories are at their lowest levels since 2004 overall.
The Strategic Reserve is at its lowest level since 1986.
The release of the oil more or less offset the oil we were getting from Russia, which debunks Biden’s narrative that Russia is responsible for higher gasoline prices here in the United States.
All that aside, with Americans getting crushed at the pump, why is Joe sending our emergency oil overseas, especially to China, of all places.
When the White House was asked about the report, White House Press Secretary Karine Jean-Pierre continued her disastrous run of responses by saying she was unaware of it…
Republican leadership is livid, stating, “China ramped up its purchases of crude oil from Russia and the United States to boost its own reserves, even as oil prices surged and President Biden called for a coordinated release.
“China is reportedly in talks with Russia to buy even more oil for its strategic reserves, while the United States and the E.U. pledged to ban Russian imports.
“As a result, China may now control the world’s largest stockpile of oil, with total crude inventories estimated at 950 million barrels.”
So, once again, Biden has made a move that has given China even more leverage than it had over us before.
Source: Daily Caller
