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

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

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  1. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Those on the Left who support Biden's move keep insisting "this is only temporary and the price of oil will soon go down".

    But when it doesn't, I expect to hear crickets on this forum, and none of these people will take responsibility for being so wrong.

    So typical of the mentality on the Left to raid the piggy banks. "delayed gratification" is apparently a foreign concept. Spend it all now! Worry about paying for it later!
     
    Last edited: Jul 6, 2022
    kazenatsu, Jul 6, 2022
    #26
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  2. Oldyoungin

    Oldyoungin Well-Known Member

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    Fake news
     
    Oldyoungin, Jul 6, 2022
    #27
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  3. FreshAir

    FreshAir Well-Known Member Past Donor

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    you could be right, Trump lies a lot, but that is his tweet
     
    FreshAir, Jul 6, 2022
    #28
  4. Oldyoungin

    Oldyoungin Well-Known Member

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    He doesnt even have a twitter account bro. Fake news.
     
    Oldyoungin, Jul 6, 2022
    #29
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  5. FreshAir

    FreshAir Well-Known Member Past Donor

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    lol, you know, it would not surprise my if some of Trump's supporters actually believed that excuse
     
    Last edited: Jul 6, 2022
    FreshAir, Jul 6, 2022
    #30
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  6. cd8ed

    cd8ed Well-Known Member Past Donor

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    Ah so more fraudulent right wing outrage.

    Figures, thanks
     
    cd8ed, Jul 6, 2022
    #31
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  7. zalekbloom

    zalekbloom Well-Known Member Past Donor

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    Which companies are selling American strategic oil reserves overseas?
     
    zalekbloom, Jul 6, 2022
    #32
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  8. Andrew Jackson

    Andrew Jackson Well-Known Member

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    .......
     
    Last edited: Jul 6, 2022
    Andrew Jackson, Jul 6, 2022
    #33
  9. Marine1

    Marine1 Well-Known Member Past Donor

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    I'm pretty sure if it's coming from our strategic reserves, the government has total control of where it goes. Now this will be raw oil and some of the big oil companies will have to refine it, but you can bet it's the Federal Government calling the shots as to where it goes.
     
    Marine1, Jul 7, 2022
    #34
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  10. Marine1

    Marine1 Well-Known Member Past Donor

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    Wow, let this sink in. Biden is sending oil from our strategic oil reserve that we have in case of emergencies or war, to Europe and China? We are sitting back and wondering when China will finally attack Taiwan, who we have said we will defend. Why would we be sending oil from our strategic reserves to China? Does that make a lick of sense? Biden is draining our reserves to lower the price of gas before Nov. election. While putting this country in extreme danger by draining our reserves.
     
    Marine1, Jul 7, 2022
    #35
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  11. Moolk

    Moolk Banned

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    Democrats as a party do not serve Americans first. It’s a shame.
     
    Moolk, Jul 7, 2022
    #36
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  12. Same Issues

    Same Issues Well-Known Member

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    I have been testing lots of gasoline for sale in Mexico lately, the use the MTBE instead of ethanol. Ships worth. And remember, lots of the traders and oil companies are not even American besides the divisions that operate here.
     
    Same Issues, Jul 7, 2022
    #37
  13. Same Issues

    Same Issues Well-Known Member

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    Maybe its Pemex, BP, Shell,Saudi Aramco or any other foreign oil companies who operate refineries or trading operations in the US. The release and oil production in general is considered on the global market/scale.
     
    Same Issues, Jul 7, 2022
    #38
  14. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    This is as stupid as a prepper selling their stored food during a famine to the guy down the street. But no one is really surprised, Biden and his admin want the American people to continue to pay the highest possible gas prices. He isn't doing anything to help, but only hurt. Dems will continue to excuse and defend.
     
    Louisiana75, Jul 7, 2022
    #39
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  15. Gateman_Wen

    Gateman_Wen Well-Known Member

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    Nope. It's bid on and the winner can do with it as they please. The only thing they can do is limit who can bid on it to start with.

    Maybe it's time to nationalize the oil companies.
     
    Gateman_Wen, Jul 7, 2022
    #40
  16. Zorro

    Zorro Well-Known Member

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    Millions Of Barrels From US Emergency Oil Reserve Sent Abroad, Including To China

    [​IMG]​

    At what point is this viewed as enemy action?

    "China is now directly benefiting at the expense of US consumers as a result of Biden's escalating panic to undo the consequences of his catastrophic green policies by selling the most valuable US assets directly to Beijing!"

    Oil we might need to fight a cross-strait war with China if they try to take over 70% of the global chip supply, which our military runs on, by invading Taiwan.

    "But what is even more scary is the following exchange, in which the White House simply had no response when asked if the US is selling its emergency reserve oil to China."

    " .. . https://reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/… Karine Jean-Pierre doesn’t know millions of barrels of oil released from the U.S. Strategic Petroleum Reserve sent to China..."

    [​IMG]​
     
    Zorro, Jul 7, 2022
    #41
  17. hawgsalot

    hawgsalot Well-Known Member

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    Ahhh great then why sell it? Why sell any that wasn't to be refined for American consumbers?
     
    hawgsalot, Jul 7, 2022
    #42
  18. hawgsalot

    hawgsalot Well-Known Member

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    You really don't understand government contracts it appears. I'm listen to a Cal. Dem right now saying Biden could EO a ban on oil exports and that this was a major mistake. He's on the Energy commission.
     
    hawgsalot, Jul 7, 2022
    #43
  19. hawgsalot

    hawgsalot Well-Known Member

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    That's how this one was done which its why it's so stupid, it didn't have to be done that way. It could've been required to be refined in American for American consumers; it wasn't.
     
    hawgsalot, Jul 7, 2022
    #44
  20. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    The marketplace is so globalized that basically oil is oil now. Our sanctions of Russian oil made ALL oil so expensive that Russia is now making more money selling oil than before we sanctioned it, which means our sanctions are effectively funding their war that we sanctioned them to stop.

    The more we try to control and regulate the market, the less the market operates the way we want it to...

    We just need to get back to drilling our own ****. Thats the only way we have any real control over what happens.
     
    Last edited: Jul 7, 2022
    modernpaladin, Jul 7, 2022
    #45
  21. cd8ed

    cd8ed Well-Known Member Past Donor

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    Has that ever happened before during any oil release?
     
    cd8ed, Jul 7, 2022
    #46
  22. omni

    omni Well-Known Member

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    To stabilize the global oil markets. Domestic refineries don't want it, so if you can stabilize global oil markets and reduce their dependence on say Russian oil, it helps with the war at least.
     
    omni, Jul 7, 2022
    #47
  23. hawgsalot

    hawgsalot Well-Known Member

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    2011 was a coordinate world market release
    2005 US Refineries due to Katrina and gulf oil shutdowns
     
    hawgsalot, Jul 7, 2022
    #48
  24. hawgsalot

    hawgsalot Well-Known Member

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    Hmmm so you think the goal should've been to stabilize the world market rather than stabilize our refineries and lower our prices, do we have a shortage or not? It hasn't helped with the War, Russia is raking in May they cracked 20 billion in revenue, the largest for the year.
     
    hawgsalot, Jul 7, 2022
    #49
  25. omni

    omni Well-Known Member

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    This oil that was shipped has a high sulfur content, which domestic refiners do not want to process because it's more expensive due to higher costs for equipment maintenance.
     
    omni, Jul 7, 2022
    #50
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