Anonymous ID: 21b548 July 7, 2022, 4:42 a.m. No.16655682   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>5689 >>5693 >>5695 >>5698 >>5701

>>16655650

>Put.the sauce.on it anon

>>16655638

>>16655638

>Biden is treasonous.

 

>Should be impeached asap.

 

Joe Biden reportedly exports 5 million oil barrels despite US gas prices

By Ariel Zilber

July 6, 2022 2:35pm Updated

The Biden administration exported more than 5 million barrels of oil from its emergency reserves that were released in order to combat sky-high gas prices here at home, according to a report.

 

The US sent the oil, which was taken from the Strategic Petroleum Reserve (SPR) that the Biden administration tapped into in hopes of getting mounting energy prices under control, to Asia and Europe, Reuters is reporting.

 

The release of around 1 million barrels a day from the SPR through October has had a minimal effect in decreasing the price of oil. At the same time, it has depleted the reserves to their lowest level since 1986.

 

Brent crude futures were slightly higher on Wednesday, rising more than 1.3% to around $104 per barrel while US West Texas Intermediate rose 0.65% to eclipse $100 per barrel.

 

Fears of a recession pushed oil prices downward in recent weeks, but Americans were still feeling the pain at the pump.

 

US Customs data showed that Phillips 66, which is the fourth-largest oil refiner in the country, shipped some 470,000 barrels of sour crude from the Big Hill SPR storage facility in Texas to Trieste, Italy.

 

Trieste is where oil is loaded into a pipeline that transports it to destinations in Central Europe. The European Union is aiming to replace energy sources that were lost as a result of the Russian invasion of Ukraine.

 

Atlantic Trading & Marketing, an arm of French oil major TotalEnergies, exported two cargoes of 560,000 barrels each, the data showed.

 

Cargoes of SPR crude were also headed to the Netherlandsand to a Reliance refinery in India,an industry source said.A third cargo headed to China, another source said.

 

A third cargo headed to China,

>A third cargo headed to China,

<A third cargo headed to China,

A third cargo headed to China,