Millions Of Barrels From US Emergency Oil Reserve Sent Abroad, Including To China
Some key points to consider before getting to the below article:
The US Federal Government operating out of the foreign nation of Washington, D.C. is a foreign invader waging full spectrum soft war against We the People
The senile adult diaper soiling ice cream eating racist pedo puppet “president” is fully compromised by the CCP and CIA laundering their black ops budgets out of nations like Ukraine, with kickbacks going to the Biden Crime Family, et al.
The only emergencies re: oil, “pandemics”, hyperinflation, etc. are all direct consequences of the illegitimate government and their unconstitutional and hence illegal alphabet agencies constituting the 4th Branch of Government aka The Administrative Intelligence Industrial Complex which for now is the one (shadow) branch of government firmly in control
The money allegedly allocated for the strategic reserves as well as for Ukraine “aid” as well as obscene projects like funding Pakistani sex ed are all stolen via illegal taxes which are not even needed to fund said unconstitutional projects
The privately owned central bank known as The Fed can print out of thin air any and all monies to pay for everything, but decimating the average debt-slave tax mule is the real goal here, and inflationary gas prices as a result of weaponized government policies serve those ends
Expect with certainty that the “smallest accident can and will sell oil prices to the moon” will be executed
Expect all of the various psyops and false flags from PSYOP-HYPERINFLATION-22 to PSYOP-SUPPLY-CHAIN-SHORTAGES-22 to PSYOP-FAMINE-22 to PSYOP-ACTIVE-SHOOTER, etc. and the upcoming “pandemic” PSYOP-22 to all be exacerbated by $10 a gallon gas sometime by late September, early October.
by Tyler Durden
With a growing number of people realizing that the Biden administration has drained more oil from the US strategic petroleum reserve, which is meant to be used during real emergencies not fake, made up ones such as Democrats facing a catastrophic failure at the midterm elections...
... more people are starting to ask the next big question: where is this furious liquidation of US black gold going?
Courtesy of Reuters we know: more than 5 million barrels of oil that were part of the historic U.S. SPR release were exported to Europe and Asia last month, including top US geopolitical nemesis in the global arena, China, even as U.S. gasoline and diesel prices hit record highs.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. In a widely mocked call, Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing rightful criticism from Amazon founder Jeff Bezos, because going after mom and pop gas stores merely demonstrates just how clueless the handlers of the senile presidential puppet truly are.
About 1 million barrels per day have been drained from the Strategic Petroleum Reserve through October, an unprecedented pace. The drain means SPR inventories fell to the lowest since 1986. US crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. US officials have said oil prices could be higher if the SPR had not been tapped, and for once they are right. Still, the question looms of what happens to oil prices when the US can no longer sell the SPR amid concerns of a real emergency: we know the answer and the Biden admin won't like it.
"The SPR remains a critical energy security tool to address global crude oil supply disruptions," a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil.
Citing customs data, Reuters traced that the fourth-largest U.S. oil refiner, Phillips 66 shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy. Trieste is home to a pipeline that sends oil to refineries in central Europe. Meanwhile, Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies, exported 2 cargoes of 560,000 barrels each. Cargoes of SPR crude were also headed to the Netherlands and to a Reliance refinery in India, an industry source said.
What is most notable is that a third cargo headed to US arch-enemy, China, which is now directly benefiting at the expense of US consumers as a result of Biden's escalating panic to undo the consequences of his catastrophic green policies by selling the most valuable US assets directly to Beijing!
But what is even more scary is the following exchange, in which the White House simply had no response when asked if the US is selling its emergency reserve oil to China.
Pointing out the obvious, Matt Smith, lead oil analyst at Kpler. said that "crude and fuel prices would likely be higher if (the SPR releases) hadn't happened, but at the same time, it isn't really having the effect that was assumed."
And while the midterms will come and go, and Democrats will suffer a historic loss, the U.S. energy picture is getting more dire by the minute thanks to the sheer incompetence and/or corruption of the executive branch: crude inventories are the lowest since 2004 as refineries run near peak levels. Refineries in the U.S. Gulf coast were at 97.9% utilization, the most in three and a half years. This means even the smallest accident can and will sell oil prices to the moon.
Do NOT comply.
I believe it was yesterday I made a very negative comment on the future of the US. What should be of great concern to all of us is that NOBODY IS STOPPING THIS. The Biden administration is making one horrible move after another and every one of them is being allowed to continue. Good luck to a country that realizes this and lets it continue.
Very harsh article. Unfortunately, it's true.