Reuters: "US Oil Reserves Sent Overseas (ChiComs!*) As Gasoline Prices Stay High"
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.:
Full Article @
Full Article @
WH Press Secretary Dodges questions of oil from the US Strategic Reserve being sent overseas - perhaps to China -
Also on questions of the POTUS lying that he knew Nothing of his son Hunter's dealings -
WITH CHINA??
* " (ChiComs!) " did not appear in the Reuters article - It was inserted later in the blog when the OP responded to a request from a commenter to provide evidence of SPR oil having been sent to China & it was discovered that such shipments Had Been Reported.
To Fargo for promptng the clarification.
- Mick
Comments (61)
On Thursday, the Washington Free Beacon published new details about the Chinese oil shipments from the U.S. emergency reserves that Biden promised were tapped to “ease the pain that families are feeling” in the United States from high energy prices.
“The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would ‘support American consumers’ and combat ‘Putin’s price hike,'” the Beacon’s Collin Anderson reported. “Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”
Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.
Hunter Biden’s lawyer told the New York Times in November that the president’s son, “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”
According to the Washington Examiner, however, Hunter Biden remained listed as a part-owner of the firm as late as March.
“Business records from China’s National Credit Information Publicity System accessed Tuesday continue to identify Skaneateles as a 10% owner in BHR, and Washington, D.C., business records continue to list Biden as the only beneficial owner of Skaneateles,” the paper reported. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
“It’s possible that China’s business registry hasn’t yet been updated to reflect a potential transfer or sale of Skaneateles’s 10% stake in BHR to another party,” the Examiner added.
Meanwhile, Biden’s Energy Department has refused compliance with requests under the Freedom of Information Act probing the administration’s improper use of the nation’s strategic oil reserves maintained for emergencies. Last week, the Functional Government Initiative, a nonprofit government watchdog, filed a lawsuit to compel records concerning administration officials’ decision to tap the oil reserves in the absence of a sudden disruption in supply such as a hurricane or cyberattack.
By the end of Biden’s latest release from the emergency stockpile, the president will have depleted 260 million barrels from the nation’s reserves. In May, the Department of Energy announced efforts to replenish only 60 million barrels of what’s been released, despite an authorized storage capacity of 714 million barrels. The Energy Information Administration reported that just more than 492,000 barrels remained in storage on July 1, exactly one month into the six-month hurricane season.
That came to light when 'gazer requested evidence of shipments to China & a search revealed that such shipments Had Been Reported - (Refer to exchanges on Previous Page.)
On Thursday, the Washington Free Beacon published new details about the Chinese oil shipments from the U.S. emergency reserves that Biden promised were tapped to “ease the pain that families are feeling” in the United States from high energy prices.
“The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would ‘support American consumers’ and combat ‘Putin’s price hike,'” the Beacon’s Collin Anderson reported. “Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”
Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.
Hunter Biden’s lawyer told the New York Times in November that the president’s son, “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”
According to the Washington Examiner, however, Hunter Biden remained listed as a part-owner of the firm as late as March.
“Business records from China’s National Credit Information Publicity System accessed Tuesday continue to identify Skaneateles as a 10% owner in BHR, and Washington, D.C., business records continue to list Biden as the only beneficial owner of Skaneateles,” the paper reported. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
“It’s possible that China’s business registry hasn’t yet been updated to reflect a potential transfer or sale of Skaneateles’s 10% stake in BHR to another party,” the Examiner added.
Meanwhile, Biden’s Energy Department has refused compliance with requests under the Freedom of Information Act probing the administration’s improper use of the nation’s strategic oil reserves maintained for emergencies. Last week, the Functional Government Initiative, a nonprofit government watchdog, filed a lawsuit to compel records concerning administration officials’ decision to tap the oil reserves in the absence of a sudden disruption in supply such as a hurricane or cyberattack.
By the end of Biden’s latest release from the emergency stockpile, the president will have depleted 260 million barrels from the nation’s reserves. In May, the Department of Energy announced efforts to replenish only 60 million barrels of what’s been released, despite an authorized storage capacity of 714 million barrels. The Energy Information Administration reported that just more than 492,000 barrels remained in storage on July 1, exactly one month into the six-month hurricane season: .
Exclusive-China Agrees With U.S. to Release Oil Reserves Near Lunar New Year - Sources
(Reuters) - China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters.
Where does US get most of its oil?
In 2021, Canada was the source of 51% of U.S. gross total petroleum imports and 62% of gross crude oil imports.
The top five sources of U.S. total petroleum (including crude oil) imports by percentage share of total petroleum imports in 2021 were:
Canada51%
Mexico8%
Russia8%
Saudi Arabia5%
Colombia2%
July 7, 2022 9:25 AM GMT+10
Oil from U.S. reserves sent overseas as gasoline prices stay high
HOUSTON, July 5 (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.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices.
On Thursday, the Washington Free Beacon published new details about the Chinese oil shipments from the U.S. emergency reserves that Biden promised were tapped to “ease the pain that families are feeling” in the United States from high energy prices.
“The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would ‘support American consumers’ and combat ‘Putin’s price hike,'” the Beacon’s Collin Anderson reported. “Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”
Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.
Hunter Biden’s lawyer told the New York Times in November that the president’s son, “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”
According to the Washington Examiner, however, Hunter Biden remained listed as a part-owner of the firm as late as March.
“Business records from China’s National Credit Information Publicity System accessed Tuesday continue to identify Skaneateles as a 10% owner in BHR, and Washington, D.C., business records continue to list Biden as the only beneficial owner of Skaneateles,” the paper reported. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
“It’s possible that China’s business registry hasn’t yet been updated to reflect a potential transfer or sale of Skaneateles’s 10% stake in BHR to another party,” the Examiner added.
Meanwhile, Biden’s Energy Department has refused compliance with requests under the Freedom of Information Act probing the administration’s improper use of the nation’s strategic oil reserves maintained for emergencies. Last week, the Functional Government Initiative, a nonprofit government watchdog, filed a lawsuit to compel records concerning administration officials’ decision to tap the oil reserves in the absence of a sudden disruption in supply such as a hurricane or cyberattack.
By the end of Biden’s latest release from the emergency stockpile, the president will have depleted 260 million barrels from the nation’s reserves. In May, the Department of Energy announced efforts to replenish only 60 million barrels of what’s been released, despite an authorized storage capacity of 714 million barrels. The Energy Information Administration reported that just more than 492,000 barrels remained in storage on July 1, exactly one month into the six-month hurricane season.
Where are the Vindman Twins when you need them?
What you've MISSED Is that Beijing Biden is DEPLETING The US SPR in a Pathetic Attempt to pull his Áss outta the flames after EPICALLY Falling on His Own Political Sword.
(See my comment above
That's a Difference - And One Helluva BIG Difference ...
June 21, 2022
WARSAW, Poland (AP) — Poland’s foreign minister said Tuesday the current security crisis on the continent shows that Europe can’t defend itself without the United States, but that NATO members in the region should take more responsibility for their own protection.:
Full Article @ -
And then the US Rebuilt Europe with the Marshal Plan to save it from Communism -
The US should assist Euros in Any Wars This Century by providing the EU with Berlitz Russian Language Courses.
BTW -
What the Polish FM said -
Where'd we Hear THAT Before ... MMmmm ??? ...
I doubt anyone in the Biden administration would be able to think fast enough to introduce rationing . That would be a plan . They would let it happen like the infant milk issue . I have my ring side seat bought for the show . Selling oil to china won't make much difference as its world wide refining capacity thats the problem , sabotaged by leftwing governments .