In the latest slap to U.S. consumers, it appears Joe Biden is sending what precious oil America has left to our adversaries in Communist China.
While that may come as a shock, just remember who the U.S. President is and the disastrous energy policies he’s enacted since day one.
Joe Biden has been desperate to recover from the political fallout as Americans pay exorbitant prices for gasoline. This prompted the failing president to release millions of oil barrels from the Strategic Petroleum Reserve and deplete the stockpile of emergency crude that Former President Trump replenished.
However, according to a recent report, the oil released by Biden did enter into the U.S. market, nor did it drive down prices as he initially hoped.
Joe Biden sent America’s emergency stockpile of crude oil to many foreign nations, including China.
The political backlash stemming from Biden’s ‘green’ energy policies promoted the cognitively deficient president to release 50 million barrels of oil from U.S. reserves last November. In March, Biden released another 30 million barrels. By March 31, Biden began lauding the “historic” actions taken by his administration to solve the gas price crisis, which by this point was being blamed on Vladimir Putin.
The Strategic Petroleum Reserve will continue to release one million barrels a day through October, even as America’s stockpile falls to its lowest levels since 1986, according to the report.
“These releases will put more than one million barrels per day on the market over the next six months, and will help address supply disruptions caused by Putin’s further invasion of Ukraine and the Price Hike that Americans are facing at the pump,” Biden said in April when announcing the release.
Much to the misfortune of American consumers, however, Biden has sent millions of oil barrels overseas.
Foreign nations are currently reaping the benefits of Trump’s tireless efforts to stockpile crude oil in the event of a catastrophe here in the United States. The Netherlands, India, and China are being sent millions of barrels of crude oil as cargo planes travel back and forth to enrich foreign countries with American oil. China and India have steadily purchased U.S. sour crude oil produced in the Gulf of Mexico, Bloomberg previously reported.
Despite Biden’s “historic” action, the depletion of Strategic Reserves has had little effect on domestic gas prices. Essentially, Joe Biden has done more to provide foreign nations with geopolitical leverage while average American citizens back home struggle at the gas pump.
“China ramped up its purchases of crude oil from Russia and the United States to boost its own reserves, even as oil prices surged and President Biden called for a coordinated release,” Republican leaders wrote.
As a result, China may now control the world’s largest stockpile of oil, with total crude inventories estimated at 950 million barrels.
Meanwhile, the White House is feigning ignorance over this latest report.
𝗢𝗶𝗹 𝗳𝗿𝗼𝗺 𝗨.𝗦. 𝗿𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝘀𝗲𝗻𝘁 𝗼𝘃𝗲𝗿𝘀𝗲𝗮𝘀 𝗮𝘀 𝗴𝗮𝘀𝗼𝗹𝗶𝗻𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝘀𝘁𝗮𝘆 𝗵𝗶𝗴𝗵. https://t.co/pXIRedpyeD
Karine Jean-Pierre doesn’t know millions of barrels of oil released from the U.S. Strategic Petroleum Reserve sent to China… pic.twitter.com/nWQihKqQbz
— rodriQuez (@rodriQuez) July 7, 2022
Author: Sebastian Hayworth