New reports about what President Biden is doing with America’s fuel reserves are raising concerns even amongst Democrat loyalists that the President might not have the country’s best interests at heart after all.
Last month, Biden announced that he was planning to release 1 million barrels of oil per day from the U.S. Strategic Petroleum Reserves (SPR) for up to six months – amounting to roughly 5% of American oil consumption; the same amount Russia supplied the U.S.
However, it has been revealed that rather than releasing the oil into the U.S. as he claimed he would do to help alleviate high gas prices, the president has been shipping the oil to foreign nations willing to pay a higher price.
“A cargo of crude from the U.S. Strategic Petroleum Reserve departed a Texas port bound for Europe, a signal of increasing oil-market disarray as refiners shun Russian supplies and prices surge,” Bloomberg News reported.
“The rare export of strategic U.S. barrels is evidence of the ever-widening search for crude to replace Russian cargoes seven weeks after President Vladimir Putin’s invasion of Ukraine triggered international revulsion and sanctions. With the global oil benchmark trading above $110 a barrel, traders and refiners also are trying to cope with a cutoff of Libya’s biggest source of crude and little expansion in U.S. output,” the news site said.
According to Bloomberg, this specific tanker is headed for Rotterdam, which is Europe’s largest seaport.
“A tanker known as the Advantage Spring loaded low-sulfur crude originally pumped from the strategic reserve caverns in Southwest Louisiana at a port in Nederland, Texas earlier this month, according to a person familiar with the matter. The ship, chartered by an affiliate of French energy giant TotalEnergies SE, is bound for the key European port of Rotterdam, according to ship-tracking data compiled by Bloomberg.”
Back in November, Biden released about 60 million barrels, the largest release of its kind in history. Another 30 million barrels were released in March.
The U.S. Energy Information reported that, “In 2020, the United States consumed an average of about 18.19 million barrels of petroleum per day, or a total of about 6.66 billion barrels of petroleum” over the full year.
In March, Biden said 32 million barrels “will be an exchange over the next several months, releasing oil that will eventually return to the Strategic Petroleum Reserve in the years ahead,” with the other 18 million authorized for sale via Congress.
If this is true, then the total amount of oil released will be just over 2.5 days worth and will have little to no impact on consumer prices – which means it’s likely just a publicity stunt to trick the American people into thinking he’s trying to fix the dangerously high fuel prices.
Either way, tapping the reserve is only a short-term band-aid and the underlying problems caused by Biden policy decisions still pose a serious threat to U.S. oil prices in the long run.
Can anyone suggest what we can do besides write to our elected officials, and vote Republican in November in an effort to revive our dying country? How long can we tolerate witnessing the murder of this nation?
1776, 2.0
The American public needs to get involved politically whether helping campaign for Republican or Libertarian candidates and most importantly do the research to vote on principles not party.
The Biden syndicate/cartel has to GO. This. shameful display of Democratic Socialism is tantamount to Hitler’s take over of Germany pre-WWII. Nothing but lies, deceit, and treachery come out of this administration.
Their attempt to gain constituents via illegal immigrants, change the Constitution, stack the courts with additional justices, and their wanton fiscal policies has so damaged our country it will take years after the 2020 and 2024 elections to make America whole again.
All of their efforts to stay in office should vanish when true Americans stand up to their B.S. VOTE REPUBLICAN – Save America
Hear, hear! Could not have said it better myself.
Excellent post!!
Biden is a criminal. Nothing more, nothing less. He is stealing American oil reserves and SELLING them.
The bill of rights has a section explaining that if any party acts in a way that is in contrast to the American constitution as the founding fathers laid out we the people have the right to abolish that party and remove their people from power and in fact government all together
It bothers me that “we the people” are not allowed to remove the current president out of office. There should be some kind of emergency powers given to us for situations like this.
It has been done before: “Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.” – From the Declaration of Independence, July4, 1776
@ Judy S., Impeachment overnight, but not until we get BOTH the House and Senate. Remove the moron, AND the next 100 in line.
Biden, Pelosi, Harris, and all of the other Demoncrats should all be impeached and sent to Prison for the rest of their lives without the possibility of Parole for Treason against America and all American People!!!!
No, there is no way to legally get rid of a president. The only choice is what the Patriots did with the British. God, we can hope and pray that our America will not have to resort to that.
The oath of office means nothing to a democrat. We seen it with the obumer administration now we are seeing a repeat or continuation of a treasonous administration. Dems talk about republicans are against the constitution but we all see the democrats continuing to walk all over it. Ignoring the 1st and 2nd amendments they refuse to take their oaths of office seriously by not securing the safety of the legal citizens or uphold the constitution. When a democrat says they are for the people especially the working class beware of wolves in sheep’s clothing because they are traitors to this country. O’Brien proves every day he is against America and her citizens.
The method is called impeachment ,but doubtful RHINOS nor either party will go down that road again. The amount of distrust of Gov. is already at an ALL Time low and with elections and reelection coming no one will touch this.
Take a look at the Convention Of States (COS) movement, read the 5th Amendment. Get behind this COS movement to put the Country back on track, as the Founders intended! We must Impeach Biden at the first opportunity, he and his Administration ARE the enemy within our Country!
To do now!! Bring Biden up on charges for signing to stop Gas and oil production. this winter people will freeze
because he stopped companies from refining gas and oil-and stopped the pipeline-you also need for electric
heating too. When people die-freezing, then he has “Murdered his own people, and can be held accountable.
He should be forced to replemish our reserves, and to stop “begging” our enemies for supplies-a serious national security issue. this could be done now, and get to producing-now, before the dead of winter kills people-he can be tried for this now, and take the stiff regulations off the drillers and refineries. He has no right as President to stop
people from getting disel for delivery of goods, killing them off by freezing and depleting our reserves so we can’t even supply our military-politicians should be talking about this-before the elections. he could be removed from office for these serious crimes. the word needs to get out there now. Stop defending him-
He’s supposed to be the leader of this country, and he’s killing his own people.