Strategic Petroleum Reserve sold to Asia…

Posted by Kane on November 24, 2021 3:02 am

NEWS JUNKIES -- CHECK OUT OUR HOMEPAGE


 

It’s no secret that Americans are paying record prices at the gas pumps. Rapidly ascending prices also affect the cost of all the goods and services that are an integral part of the American economy. Farmers, manufacturers, delivery companies, repair people…you name it: They’re paying more to do their jobs and they’re passing those costs to consumers. So why now, of all times, is the Biden administration selling off America’s Strategic Petroleum Reserve (“SPR”) to Asia.

 

As the name suggests, the SPR is America’s emergency backup supply of oil. The reason we have it is because of the energy crisis in the early 1970s. According to Wikipedia, which is probably accurate about this, “The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973-1974 oil embargo, to mitigate future supply disruptions.”

 

Fast forward to 2021. Upon entering the Oval Office, one of the first things Biden did was to shut down the Keystone XL pipeline. Henceforth, rather than flowing safely through a pipeline, Canadian oil will come the expensive way, over land, whether in trucks (which are in short supply) or on trains.

 

At the same time, Biden halted new oil, gas, and coal leases on federal lands, something that’s being fought in the courts. As long as the suit continues, though, no sane business would start to drill.

 

Biden’s also on the verge of ending all new oil and gas leases around major Native American cultural sites, which will shut down massive amounts of exploration and drilling in New Mexico. And following initial denials, the administration admitted that it plans to close a major Michigan pipeline.

 

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.

 

SOURCE — AMERICAN THINKER

 

 

 

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Duckandcover
Duckandcover

WTF????

JohnK625
JohnK625

There is a key word in “Strategic Petroleum Reserve” – can you tell which it is, and what it means?

BlueCollar
BlueCollar

Get this guy another clot shot. Two or three if needed.

tom gattone
tom gattone

reserve a cell for him tn GITMO BAY

TheCourtJester
TheCourtJester

Calling treason but refusing to do anything. Pathetic. Let them destroy all we have worked for……unAmerican. Sit back, you deserve what you get. Do nothing to stop evil? BTW, alternative sources of energy will inevitably be coming online in the future, you don’t have to force it. Do something…..

Anie
Anie

That is Treason! China is a communist Country.

david5300
david5300

Begs for more oil from OPEC while selling our strategic reserves? WTF
That should be enough right their to remove him from office
camel toe will go catatonic if she is becomes president and her self immobilisation will help America to become free of the democratic socialist regime

Jack Flash
Jack Flash

Treason…

Mehlishka
Mehlishka

Lord Jesus Stop this Insanity!!!

The Knight
The Knight

Vote Republican at all levels in 2022.

FJB
FJB

And we sit and do nothing while these pig f’cks destroy the country.

Mari
Mari

FJB

RW
RW

We have someone in our White House who is bent on destroying our access to oil, ruining our transportation system, healthcare, border security and guaranteed freedoms in our Bill of Rights. Does he care about the American people at all? Did he take the oath of office and understand what he was saying?

Ron
Ron

🙄Ummm…no!

BJR
BJR

How do we get this informaation to the American people! It should be broadcast loudly!

Allie Matthews
Allie Matthews

Boy, Biden really hates the American people, he wants us to starve, freeze to death, and be killed by illegal aliens. While he has a bought and paid for life courtesy of the American people, China, and his crooked son.

Buck
Buck

Gasoline and heating oil will be the next crisis. This will freeze people and keep us home. What a MF.

rascallyrabbit
rascallyrabbit

Guess Hunter Biden continues to provide more than just paintings. THIS SALE, or any other from our reserves should ILLEGAL, so much to fight like Washington did, AGAINST tyranny and the ENEMIES in our midst.

Allie Matthews
Allie Matthews

Remember how the Dems criticized Trump’s daughter for her clothing line. And now they approve of all Biden’s so called deals.

ReallyBadPosts
ReallyBadPosts

This is actually an act of treason as we are in a moment of energy crisis
This is an impeachable offense

Put Biden in Unassisted Living
Put Biden in Unassisted Living

And where’s Kevin McCarthy?
Disgusting.

C. L. Fincher
C. L. Fincher

Yes, Republicans, open your freaking mouths about this! Haven’t heard a peep.

RW
RW

Giving an eight hour speech during the night, for some reason, instead of representing us.

Red Astrachan
Red Astrachan

Fυςκ this Dουςhε

SaraHomemaker
SaraHomemaker

What. The FraK!

Tross
Tross

Straight up TREASON!! FJB! FJB!

Bert33
Bert33

I heard articles of impeachment being read, still waiting on further info. This administration is failing in many ways. Pure senior abuse to obtain exponential monies apparently orchestrated by wealthy system manipulators roughly headquartered in California. Biden should be in a nursing home, not the Oval Office. Own your ‘bad’, Democrats. Mega-failage here. SMH

Wilson Montana
Wilson Montana

Brandon is a Communist as are all DEMONCRATS. There is your explanation. The only questions is, why did Americans sit back and let Demoncrats steal the 2020 election?

JBird
JBird

Lets Go Brandon! Lets Go Brandon! Lets Go Brandon

JBird
JBird

Lets Go Brandon! Lets Go Brandon!

Guy M Daley
Guy M Daley

Clue #847 that Xiden is an employee of the CCP. How many MORE clues are needed?

FedUpMV
FedUpMV

A different article I read on this subject said that Ben Hiden was “trying to keep the price of oil down on the global market.”

That is NOT what the strategic reserve is for – as stated by India who told Ben Hiden to piss off when he tried to get them to sell off their strategic reserves.

It would be a damn pity if somehow the pipeline from the reserves was damaged and they couldn’t pump the oil out…

Mc
Mc

I do believe that this can be construed as giving aid and comfort to the enemy.

Bill Ganz
Bill Ganz

just another example, to bad we don’t control the house ! Far more impeachable offences than DJT ever had !!!

Don’t Tread on Me - Texas
Don’t Tread on Me - Texas

WTF. This is an administration that is trying to destroy as much as possible before ejected from office in 2024.
Seems like forever from now. His help us.

Wicked Smahht
Wicked Smahht

He was put there to dismantle America.

cajun
cajun

Why is that pos selling strategic reserves to anyone?

Allie Matthews
Allie Matthews

fund. Why is she still out of jail.Hillary Clinton sold our strategic materials to Russia and kept the money for the Clinton

Allie Matthews
Allie Matthews

You left off my first sentence. Allie Matthews

RW
RW

Obama and Holder told him to sell it.

SIG Sauer
SIG Sauer

Does “The Big Guy” get his 10% commission on those oil sales?

Death to Tyrants
Death to Tyrants

Biden needs to be killed for all his crimes
Burn in HELL Joe
LGBFJB

Mountain Guy
Mountain Guy

Joe should find out how the Space Aliens power their UFOS, and then he would be really rich…

Notbananas
Notbananas

How can he do this? It’s outrageous!

Leesk
Leesk

Wow what an interesting article 👏 hope all other news outlets report on this as well. Thanks CFP.

Mountain Guy
Mountain Guy

Joe Biden is dumber than any President in the last 80 years, and the democraps love him. That pretty much tells the whole story.

Trump’s Third Term
Trump’s Third Term

They WANT it to cost $100/gallon so you can’t drive at all.

Wake up!

Rover76
Rover76

And the motivation for all this is to shore up Xiden’s poll numbers.

d
d

I can hear it now. Bad news we are out of oil. Good news all affected will be eligible to pick crops. As long.as you’ve made it out of the re education camp alive.

Great Scott
Great Scott

Does any understand that oil is to provide Americans Defenses if War to break out?

Equal_opportunity_offender
Equal_opportunity_offender

JoeBama is really really really a sellout to China!
He’s sabotaging everything in America to make China stronger over us, while totally destroying us!!

Freedom
Freedom

In a normal world this would be considered treason.

Trippin
Trippin

Selling – to WHO in Asia?

SaraHomemaker
SaraHomemaker

My was of worthless Fiat paper says its Chyna. And at a steep discount.

LJTodd
LJTodd

Lord help me. I truly despise Biden.

Buck Fiden
Buck Fiden

Implanted Nazi?

Pat
Pat

This is how he is paying for all the new spending…

Charrick
Charrick

Nah. That spending comes from the fiat money printers. But both actions make us poorer.

Erik Vornoff
Erik Vornoff

Biden and his buddies are making a mint off this deal while DESTROYING US.

DIE SOON BIDEN
DIE SOON BIDEN

Biden is a traitor and should be executed.

Not playing your stupid game
Not playing your stupid game

What more evidence does anyone need, FJB is a traitor, so is McCorksucker, always have been.

Steamroller
Steamroller

We’re being set up to fall.

Cocaine Mitch — you worthless turd! Where are you going to hide?! McCarthy — you too!! Wtf!

Gentle Observer
Gentle Observer

Asia is a continent, not a country. Who is he selling it to, if it’s true, and where is the money going? This kind of reporting is idiotic.

JRH
JRH

Who they are selling to is a secondary issue. Selling the reserve has civil war type consequences.

William
William

Biden is a traitor. And he hates Americans.

#1 Patriot
#1 Patriot

Is this true?😭

Phil Indablanc
Phil Indablanc

FJB doesn’t care that America is floating on an ocean
of oil . He’s doing his CCP masters bidding … time to 8646 …

Robert R Beck
Robert R Beck

Why is the man not impeached yet or jailed for a stolen election? He has not done anything in our interest and you could say our national security is zilch. I honestly believe the son of a bitch is setting us up for an overthrow of the US.

Mallard
Mallard

He can’t be impeached until the GOP controls the House. In the meantime, FNPelosi has got his back.

KMS
KMS

TRUMP WON YOU WORTHLESS COCKROACH

Someone Who Knows
Someone Who Knows

Is there not ONE COP, not one Secret Service person with ANY integrity and balls to arrest this treasonous POS? You would be praised a hero. Stop being just a pension suck and DO SOMETHING. Cops doing nothing create a Rittenhouse vacuum. How long are those who are close to this absolute idiot gonna let this utter nonsense go on? Do any of you have kids? What world do you want them to live in?

charles
charles

Its deliberate, close oil, sell off oil, anything to get the supply to zero so that obama can come on TV and say, “See? I told you to buy a windmill car!!”

business as usual
business as usual

so freakishly dangerous

charles
charles

Thats really criminal, if anything biden should be using the reserves to increase supply which would drive prices down. Now he makes the problem WORSE, only to say later, “Gee, we could do something but we dont have any reserves left, sorry.” This is part of the overall plot to break USA to pieces, to rebuild it in a NWO image. They are itching to say “we cant drive gas cars anymore because, sorry, we have no oil! Best you buy a horse and buggy!”