Stunning Amount Of Oil Released By Biden Found Its Way To China, Other Countries

I am sure everyone takes what you say at face value seeing your absolutely perfect track record with honesty and integrity here thus far.

Feel free to post a source though. Every article I have read and sourced have shown it is up to those companies purchasing it.

 

Sounds like a similar private company broke the rules then.

 

Gosh... why would the propaganda wing of the democratic party report on this at all?

 

Thank god we have enough crude to make China better, huh.... The rest of us are sooo rich, the prices don't matter, right?

 

China Joe at it again

 

It's oil owned

By

The

Government

Who is going to be selling it?

 

It would be tough to do so because you are audited often and also they watch for the resale of a legal country to the illegal ones. For instance, we couldnt sell to iraq. But we could sell to brazil. But, we had to vet brazal company to make sure they didnt sell to iraq as a middleman.

 

My gosh, it seems like you are purposefully trying to misunderstand.
It goes from oil reserve owned by the government to open bid.
Then from open bidding to purchaser(which is a private entity), then to open market.
Bidens authority ends at the open bid phase.
Google government contracts and acquisitions
Are you still with us at this point? If so I'll continue.

 

I agree, it should be tough to do.

 

The government made the decision to sell it's own oil, put away for emergency purposes. Then the government sold it to a Chinese (among others) company. And you seem to think a government sale of a government owned asset is somehow a result of the free market?

Since your entire talking points are absurdities, I'm not sure there is much point in continuing.

 

I think the optics of having China of all people get access to what little oil we have is rather bad. And you will see as much when people get to vote your corpse out.

 

Not if you are going to continue being dishonest.
Answer this, do you think drilling more would have ended with a different result? China not buying "our" oil?

 

I guess the first obsticle then would be dispelling the myth that we have only a "little" oil.

 

Best way to do that is to sell it china i'm told.

 

Very Very simple, Oil sale that's sold directly to our refineries for with a discount for American use. Do you not remember Obama's national act that poured money into our government projects? Not only did they have to buy from American products you had components had to be made in America. My company had to buy electric motors that were twice as high to comply. At the time I didn't realize there was only one electric motor made in America, the rest from Asia, I believe it was Baldor. What crazy is even US motors were imported. It was simple and effective congrats Obama, Joe's team are idiots. Now we find out that our oil went to the Chinese company that Hunter was involved with. Shocker.

 

Worked for me..China's buying our expensive oil instead of Russias. Been telling you guys this, we can't produce enough to lower prices here in a global market.
If china's buying from our producers, then obviously we arnt in short supply.

 

Come on, you know it could've been earmarked for American use only. It doesn't matter though; you guys simply don't care that it helped China and not the US motorist. Apparently, the Biden dementia is the new party go to, as long as you don't say it out loud you get to claim ignorance.

 

What are you talking about, you don't think the world's largest producer of oil can't increase supply enough to lower the cost of oil. Man shouldn't have skipped that Econ 101 class.

 

Not at a profit no. We would have to subsidize such an ordeal.
In a socialist styled government sure why not.
Hence why we USA cant..opec and Russia, could.

 

If we werent in short supply you would notice that at the pumps...wouldn't ya?

You know the simple concept of supply and demand? We are currently not meeting the demand. Supply is low. Supply is low because this administration came in like a wrecking ball and pissed off US Shale. This administration canceled their pipeline. This administration went full "hur dur green energy, US oil bad". This adminstration cannot be trusted to not have a future lock down to a Covid variant which would put our domestic companies back into a shitty postion thus US Shale is under no obligation but to make money and protect itself by not over producing like it would have in the past, increasing supply and exceeding demand.

This administration hasn't a ****ing clue. And the sooner we get out from under them the better off we will be.

Until then, we are at the mercy of an administration that hasn't a *******n clue as to how simple economics works. They have no balls and nobody fears them. They can't get anything done.

Solved the mean tweets issue though!

Not at 2020 levels.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M

 

In a free market system, oil will always sell to the highest bidder and sellers will always sell to the highest payee unless they are mandated otherwise and, that would make the market no longer free.

 

Except the oil we're talking about belongs to the United States taxpayers. I'm not aware of many of them being onboard with selling our oil to China. An EO would have easily stopped that from happening. It's not as if Joe forgot how to use his pen.

 

But it was sold in the free market system. Capitalism,wtf.

 

There was no condition leading to a legitimate release of any oil from our strategic oil reserves.

 

Why lower the price of what people are willing to pay?
The price reflects what people are willing to pay. Sp don't buy any till you get it for the price you want. Enough people do this then prices come down.
That's how you control it as a consumer if you can't control the supply. Which you can't control...we arnt socialist.