“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,” Reuters reported.
With the Biden Administration, it’s America Last as usual.
This regime doesn’t care about the struggles of working-class Americans and does everything possible to make life difficult.
Un-freaked-believable. We sent 5,000,000 barrels of oil to Europe from our strategic oil reserves with prices through the roof for Americans.
At this point it’s hard to assume Democrats are doing anything other than purposefully destroying our country! https://t.co/DJ3FcC7THM
— Donald Trump Jr. (@DonaldJTrumpJr) July 5, 2022
“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.”
Although gas prices hover around $5 per gallon, the Biden Administration has no qualms sending our emergency reserves to foreign nations.
White House Press Secretary Karine Jean-Pierre was clueless that millions of barrels of oil from the U.S. SPR have been sent abroad.
Karine Jean-Pierre doesn’t know that millions of barrels of oil released from the U.S. Strategic Petroleum Reserve have been sent to foreign countries. pic.twitter.com/B51kV5XFC6
— RNC Research (@RNCResearch) July 5, 2022
“The SPR remains a critical energy security tool to address global crude oil supply disruptions,” a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil.
The fourth-largest U.S. oil refiner, Phillips 66, shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.
Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies, exported 2 cargoes of 560,000 barrels each, the data showed.
Phillips 66 declines to comment on trading activity. ATMI did not respond to a request for comment.
Cargoes of SPR crude were also headed to the Netherlands and to a Reliance refinery in India, an industry source said. A third cargo headed to China, another source said.
At least one cargo of crude from the West Hackberry SPR site in Louisiana was set to be exported in July, a shipping source said.