> Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginningPrevious | First | 1 | 2 | Last | Next
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Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Practically overnight, America went from oil independence and being a net oil importer, to suffering shortages and, as noted, rising prices. When asked about the problem, Biden risibly blamed OPEC and Russia. Meanwhile, Jennifer Granholm, the energy secretary, simply cackled maniacally and claimed the administration was helpless.
Biden is now under pressure to tap the SPR to relieve some of the pressure on fuel prices. (Again, remember that Biden birthed this problem by squashing American fuel production, thereby creating the shortage. There’s also the little matter of his administration working with Congress to print money like rolls of toilet paper—except that toilet paper is more useful than inflationary dollars.) Even Chuckie Schumer wants to lower prices by chipping away at our SPR emergency supply, despite our having vast, untapped resources beneath American land.
It turns out, though, that Biden is already tapping into the SPR; he’s just not doing it to help Americans. A report in investment circles is finally trickling down into the mainstream news: Biden is selling massive amounts of SPR oil...to Asia!
According to Bloomberg/Quint:
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.
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.
It's becoming clearer daily that there is a clown in the White House, but it’s not a cute, loving clown like Bozo (although I always found him kind of creepy). Instead, we’re being led by the political equivalent of the Joker from the D.C. Comics, a mad man who wants to burn it all down.
https://www.americanthinker.com/blog/20 … serve.html [Questionable Source (Bagz)]
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Nobody is shocked that Biden is selling off our national security like this but I wonder what he is doing with all that money.
I am sure all this is to the benefit of his criminal family and friends. He will die a flthy rich man!
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Tom LeykisRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Xiden is an enemy of the United States. He is destroying the country.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Tom Leykis wrote:
Xiden is an enemy of the United States. He is destroying the country.
No doubt about it. Selling that oil is like selling the weapons we would need to fight a war. The democrats are out to do as much damage to the US as possible it is obvious.
And guess who is cashing in on all this? RUSSIA 
Putin is happy as hell they are making bank.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
You know who needs a lot of energy right now?
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
The reason he is selling this oil is he is required by law to do so.
https://www.energy.gov/fecm/articles/do … -reserve-2
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
The reason he is selling this oil is he is required by law to do so.
https://www.energy.gov/fecm/articles/do … -reserve-2
Who's in control of our legislative body?
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
Who's in control of our legislative body?
If Congress wants to change the law so he doesn't have to sell from the SPR, they are free to do so.
However, the US is also required to take competitive bids for the oil, by the same laws.
One was passed in 2015, under Obama, and another such law was passed in 2018, under Trump.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
If Congress wants to change the law so he doesn't have to sell from the SPR, they are free to do so.
However, the US is also required to take competitive bids for the oil, by the same laws.
One was passed in 2015, under Obama, and another such law was passed in 2018, under Trump.
Who's in charge of congress, phil?
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Wow pretty amazing that you justify selling our emergency oil stash.
Especially when the chance of war and oil supply disruption is very high. If China cuts us off what will we do?
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
Wow pretty amazing that you justify selling our emergency oil stash.
Especially when the chance of war and oil supply disruption is very high. If China cuts us off what will we do?
Biden is required by law to make these sales.
He has no choice in the matter.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Biden is required by law to make these sales.
He has no choice in the matter.
Who's in charge of our legislative body phil? You haven't answered yet. Do you not know?
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Biden is required by law to make these sales.
He has no choice in the matter.
He could stop it if he wanted. But he dosen't - this is completely in line with all the other damage he is doing to US domestic energy production and he is not going to slow down on any of it.
He wants them all bankrupt and he is doing his best.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Biden is required by law to make these sales.
He has no choice in the matter.
Since when did Biden start caring about the law? This morning?
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Biden is required by law to make these sales.
He has no choice in the matter.
Why doesn't he just ignore the law like he's doing with the vaccine mandate? He's already shown us twice he doesn't care what the court thinks about his actions.
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
He could stop it if he wanted. But he dosen't - this is completely in line with all the other damage he is doing to US domestic energy production and he is not going to slow down on any of it.
He wants them all bankrupt and he is doing his best.
No he could not.
Congress passed the law.
Congress would need to vote to stop it.
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
Why doesn't he just ignore the law like he's doing with the vaccine mandate? He's already shown us twice he doesn't care what the court thinks about his actions.
Actually, Biden does follow the law, unlike the former guy.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Actually, Biden does follow the law, unlike the former guy.
you are a liar
https://www.npr.org/2021/08/26/10246685 … moratorium
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
Who's in charge of our legislative body phil? You haven't answered yet. Do you not know?
Look, you are welcome to call Congress and ask them to pass a different law. I don't know the calculation that went into the law to begin with.
Biden could also call on Congress to change it.
But you should realize something. Selling from the SPR is getting our government revenue, pulling dollars back to the nation that are overseas, helping the balance of trade if this is important to you, and increasing the supply of oil worldwide this lowering the price worldwide.
So it is not at all clear to me that these sales are bad. Remember, its the whole world that is the market for oil, not just the US. And a huge percentage of oil consumption is in China.
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Phillip_McCavityRe: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
you are a liar
https://www.npr.org/2021/08/26/10246685 … moratorium
Can you please provide a link where the administration failed to follow the court order?
Also, lets compare the previous administration:
https://democracyforward.org/updates/tr … se-we-win/
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
And a huge percentage of oil consumption is in China.
Fuq China.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Phillip_McCavity wrote:
Can you please provide a link where the administration failed to follow the court order?
Also, lets compare the previous administration:
https://democracyforward.org/updates/tr … se-we-win/
https://www.usatoday.com/story/opinion/ … 498649001/
On Tuesday, the President of the United States stood before the nation and announced that he intended to break the law.
Up until that point, Joe Biden had confirmed repeatedly that he did not possess the constitutional authority to extend the eviction moratorium that the Center for Disease Control promulgated last year under President Trump, and that the CDC had renewed back in June. Asked on Monday whether the White House could restore the policy, Gene Sperling told reporters that “the President has “not only kicked the tires, he has double, triple, quadruple checked,” and he has found each time that he cannot. Moreover, Sperling confirmed, Biden had “asked the CDC to look at whether you could even do targeted eviction moratorium – that just went to the counties that have higher rates – and they, as well, have been unable to find the legal authority...” Speaking at his press conference Tuesday, Biden reiterated these findings. “The bulk of the constitutional scholarship,” Biden conceded, “says it’s not likely to pass constitutional muster,” as, he noted, did the Supreme Court, which ruled in June that the scheme “exceeded its existing statutory authority” and could not be extended without explicit congressional approval. But, Biden said, he had decided he was going to do it anyway – if just to exploit the time it would take before the judicial branch struck it down.
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Biden is making sure our gasoline gets to $10 per gallon and home heating is a true luxury for the rich.
We are getting there fast!
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
Everytime you turn around there is ole Joe Biden, raking in the cash and stuffing his pockets
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Re: Biden is selling off our strategic oil reserves to Asia in order to exacerbate the energy crisis that is beginning
wrote:
Everytime you turn around there is ole Joe Biden, raking in the cash and stuffing his pockets
And Hunter right behind him with white spots on his nostrils.
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