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

Discussion in 'Current Events' started by Bearack, Jul 6, 2022.

  1. Bearack

    Bearack Well-Known Member

    Joined:
    Jan 18, 2011
    Messages:
    5,949
    Likes Received:
    5,528
    Trophy Points:
    113
    Source

    Using our strategic oil reserve in this capacity seems beyond irresponsible, especially for the fact that ANY of it went to China.... It must pay to have a son on the Chinese Energy commission. And pay well.
     
  2. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    5,583
    Likes Received:
    1,219
    Trophy Points:
    113
    You do know all this means is that drilling more wont decrease the price of gas if China is willing to pay top dollar.
    Its just means oil execs down to the lowliest gas supplier will sell to the highest bidder.
     
    Last edited: Jul 6, 2022
    Rampart and WillReadmore like this.
  3. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    32,075
    Likes Received:
    22,379
    Trophy Points:
    113
    Gender:
    Male
    Is this something Biden directed or was it done by the refineries themselves?
     
    Junkieturtle likes this.
  4. Bearack

    Bearack Well-Known Member

    Joined:
    Jan 18, 2011
    Messages:
    5,949
    Likes Received:
    5,528
    Trophy Points:
    113
    Its the strategic oil reserve. I'd be hard pressed if the refineries have any control of it.
     
  5. Bearack

    Bearack Well-Known Member

    Joined:
    Jan 18, 2011
    Messages:
    5,949
    Likes Received:
    5,528
    Trophy Points:
    113
    Again, this is US oil already purchased and part of our strategic oil reserve. Has nothing to do with oil execs but has everything to do with the POTUS.
     
    GrayMan and Steve N like this.
  6. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    32,075
    Likes Received:
    22,379
    Trophy Points:
    113
    Gender:
    Male
    Reading the Reuters article your source referenced said:
    The fourth-largest U.S. oil refiner, Phillips 66 (PSX.N), shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.

    Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies (TTEF.PA), exported 2 cargoes of 560,000 barrels each, the data showed.

    Phillips 66 declined to comment on trading activity. ATMI did not respond to a request for comment.

    Cargoes of SPR crude were also headed to the Netherlands and to a Reliance (RELI.NS) refinery in India, an industry source said. A third cargo headed to China, another source said.

    At least one cargo of crude from the West Hackberry SPR site in Louisiana was set to be exported in July, a shipping source added.

    The latest exports follow three vessels that carried SPR crude to Europe in April helping replace Russian crude supplies. read more

    Why would they include that if they were not involved?
    Did Biden order it only to be released to China?
     
  7. cristiansoldier

    cristiansoldier Well-Known Member

    Joined:
    Apr 24, 2014
    Messages:
    3,710
    Likes Received:
    2,607
    Trophy Points:
    113
  8. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    5,583
    Likes Received:
    1,219
    Trophy Points:
    113
    In what way?
    Im pretty sure its sold to the highest bidder, With the stipulation being only Americans can buy it, pretty much like any other government contract.
    But what do I know.

    If the government is selling it to china because they are the highest bidder...Yea Id be miffed. But then again Trump supporters who wanted Trump to run the government like a business shouldn't be.
     
  9. Steve N

    Steve N Well-Known Member Past Donor

    Joined:
    Jan 4, 2015
    Messages:
    54,981
    Likes Received:
    68,979
    Trophy Points:
    113
    Gender:
    Male
    Trump Trump Trump 24/7. Some people on this board are just as bad as CNN.
     
  10. Gateman_Wen

    Gateman_Wen Well-Known Member

    Joined:
    Mar 7, 2015
    Messages:
    1,921
    Likes Received:
    933
    Trophy Points:
    113
    Well yeah. It's an international market. You guys claim to love capitalism but most of you don't have a clue how it works.
     
    omni and Hey Now like this.
  11. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    5,583
    Likes Received:
    1,219
    Trophy Points:
    113
    Wow..you are like the guy who lets everyone know they found Woldo in the book.
    How was Trump the point of my post?? Maybe its you searching for what you want to find?
     
    Last edited: Jul 6, 2022
    WalterSobchak likes this.
  12. Gateman_Wen

    Gateman_Wen Well-Known Member

    Joined:
    Mar 7, 2015
    Messages:
    1,921
    Likes Received:
    933
    Trophy Points:
    113
    When oil is released from the SPR the energy companies bid on it. once they own it they can do with it what they choose.
     
    cd8ed and Hey Now like this.
  13. hawgsalot

    hawgsalot Well-Known Member

    Joined:
    Mar 6, 2017
    Messages:
    8,423
    Likes Received:
    7,895
    Trophy Points:
    113
    Gender:
    Male
    And that's the damn problem isn't it? OfCourse Biden could've wrote an EU that the SPR oil could only be used for American fuel and not sold to foreign entities, we do it all the time. Instead, this Biden group are horrible planners and can't get any damn thing right. It's crazy how inept they are, they probably are earmarking the earnings for a pet project. I can't understand that this wasn't even a thought of something that might could be an issue before we started tapping into our supply. Out of touch isn't the problem anymore, this is moronic ignorance that's running this Biden whitehouse. Now our oil is heading to f'ing china to increase their gas supply and the I'm sure they made a great profit off of it. Unbelievable.
     
  14. Steve N

    Steve N Well-Known Member Past Donor

    Joined:
    Jan 4, 2015
    Messages:
    54,981
    Likes Received:
    68,979
    Trophy Points:
    113
    Gender:
    Male
    America last.
     
    Starcastle, Lil Mike and Louisiana75 like this.
  15. Gateman_Wen

    Gateman_Wen Well-Known Member

    Joined:
    Mar 7, 2015
    Messages:
    1,921
    Likes Received:
    933
    Trophy Points:
    113
    Could he have? Has it been done before? How would you guarantee or enforce it? Republicans would have screeched "GOVERNMENT OVERREACH" at the top of their squeaky little lungs anyway.
     
    Saganist, Hey Now, Rampart and 2 others like this.
  16. Hey Now

    Hey Now Well-Known Member

    Joined:
    Jul 3, 2021
    Messages:
    7,883
    Likes Received:
    5,513
    Trophy Points:
    113
    It's amazing!!! Truly is, point the majority of Trumpers in any direction, even the wrong direction, and watch them sing in choir unison without a second thought.
     
  17. Oldyoungin

    Oldyoungin Well-Known Member

    Joined:
    Jan 4, 2013
    Messages:
    17,518
    Likes Received:
    1,628
    Trophy Points:
    113
    Hunter will probably get free rehab in china now
     
    Starcastle, Louisiana75 and FatBack like this.
  18. omni

    omni Well-Known Member

    Joined:
    Sep 24, 2021
    Messages:
    1,875
    Likes Received:
    1,475
    Trophy Points:
    113
    The oil that's being shipped is sour crude, which has a high sulfur content and is more expensive to process to remove the impurities. Domestic refineries shy away from this oil for this type of reason. Foreign markets like it because it's still cheaper than brent crude.
     
    Rampart likes this.
  19. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    129,808
    Likes Received:
    50,281
    Trophy Points:
    113
    fake news
     
  20. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    129,808
    Likes Received:
    50,281
    Trophy Points:
    113
    China will probably give Ivanka some more trademarks
     
  21. Oldyoungin

    Oldyoungin Well-Known Member

    Joined:
    Jan 4, 2013
    Messages:
    17,518
    Likes Received:
    1,628
    Trophy Points:
    113
    Well done
    upload_2022-7-6_21-47-53.png
     
    Louisiana75 likes this.
  22. Oldyoungin

    Oldyoungin Well-Known Member

    Joined:
    Jan 4, 2013
    Messages:
    17,518
    Likes Received:
    1,628
    Trophy Points:
    113
    They dont do trademarks in china. Land of the counterfeit
     
    Bearack and James California like this.
  23. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    129,808
    Likes Received:
    50,281
    Trophy Points:
    113
    Trump supporting CEO's exports oil overseas... the right blames Biden
     
    Last edited: Jul 6, 2022
    Rampart likes this.
  24. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    129,808
    Likes Received:
    50,281
    Trophy Points:
    113
    Ivanka meets with China on white house business, they give her Trademarks as a gift?

    "Ivanka Trump Wins China Trademarks, Then Her Father Vows to Save ZTE"

    https://www.nytimes.com/2018/05/28/business/ivanka-trump-china-trademarks.html

    "six days before the ZTE announcement, China said it approved five of Ms. Trump's trademarks, according to data from China's trademark office."

    [​IMG]
     
    Surfer Joe and omni like this.
  25. JET3534

    JET3534 Well-Known Member

    Joined:
    Feb 7, 2014
    Messages:
    11,327
    Likes Received:
    9,595
    Trophy Points:
    113
    The 50 cent army probably gets an extra 5 cents per post for mentioning Trump.
     
    mngam, the breeze, Moolk and 2 others like this.

Share This Page