It’s unbelievable if it’s true, but US President Joe Biden is shipping US oil reserves to other countries, which apparently includes Communist China, Breitbart reports.
Yes, President Biden has:
- Shut down oil pipelines in America;
- Stopped the search for new oil and gas in the US;
- Hindered the development of new gas refineries;
- Driven gas prices to $5 a gallon; and
- Pushed his green agenda to the detriment of Americans.
He is now selling off America’s oil reserves to other countries.
Because he hates Americans, President Joe Biden is shipping much-needed American oil to foreign countries, including… China.
The whole idea of the Strategic Petroleum Reserve (SPR), which is owned by the U.S. government, specifically the U.S. Department of Energy, is to hold on to about 700 million barrels of oil in the event of an emergency or disruption.
Yahoo News adds this tidbit:
HOUSTON (Reuters) -More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. […]
About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.
If President Biden is really concerned about gas prices, all he needs to do to alleviate the problems is reverse his decisions on pipelines, allow oil and gas discovery in the US and allow the construction of more gas refineries.
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