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Biden is selling 1/3 of oil reserves he's releasing to China and India

 
Adam Henry
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11/25/2021 04:42 PM

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Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
Adam Henry
Mr. Bisby

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11/25/2021 04:48 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
This makes no fucking sense as China is getting ready take Taiwan. Right?
mouse..
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11/25/2021 04:56 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
If this is true..

We pay for the shipping or provide the means of delivery..

And suffer the humiliation of the re sale to ourselves at pump prices of oil products purchaced at the lowest cost in historic recollection..

To return to the borrower position with SAE..

And Aramco does matinance on pipeline to keep our fragile fuel supply running at cost of worrld market oil prices..
KuvaszLove

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11/25/2021 04:56 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
IT'S SO EVIL AND NO ONE DOES A GOD DAMN THING ABOUT IT
Anonymous Coward
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11/25/2021 04:57 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
IT'S SO EVIL AND NO ONE DOES A GOD DAMN THING ABOUT IT
 Quoting: KuvaszLove


I would think people with children would give a damn about what is happening to their country.
Anonymous Coward
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11/25/2021 05:01 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Told ya yesterday, his goal is to drain our reserve tanks dry.
Anonymous Coward
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11/25/2021 05:02 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
sell when prices are high.

replenish the reserves when prices inevitably fall.

watch idiots on this site say what he's doing makes no sense.
Anonymous Coward
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11/25/2021 05:04 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
sell when prices are high.

replenish the reserves when prices inevitably fall.

watch idiots on this site say what he's doing makes no sense.
 Quoting: Anonymous Coward 81229283


i'm sure oil prices are gonna fall soon with the demorats spending 15 trillion/yr

cruise
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11/25/2021 05:04 PM

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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Bill Clinton did the same thing.

It's a quick way for Dems to put their hands on American wealth and strengthen our enemies.
Always Hide Your Nuts! --supporter
Anonymous Coward
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11/25/2021 05:06 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
sell when prices are high.

replenish the reserves when prices inevitably fall.

watch idiots on this site say what he's doing makes no sense.
 Quoting: Anonymous Coward 81229283


i'm sure oil prices are gonna fall soon with the demorats spending 15 trillion/yr

cruise
 Quoting: Anonymous Coward 53820351


they will fall after the sale at the current market. reduced demand from china and india will place downward pressure on prices.

simple.

down the road, the reserves will be replenished at a much lower price.
Anonymous Coward
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11/25/2021 05:07 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
US wins everyone else loses, like always.
Anonymous Coward
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11/25/2021 05:07 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Oil went up a dollar a barrel as soon as this was announced..we have enough for two months in the reserves.

The reserves are intended for emergency use/our military.

Biden is commiting a traitorist act IMO, literally weakening the US to the point of no return.
Anonymous Coward
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11/25/2021 05:10 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
sell when prices are high.

replenish the reserves when prices inevitably fall.

watch idiots on this site say what he's doing makes no sense.
 Quoting: Anonymous Coward 81229283


i'm sure oil prices are gonna fall soon with the demorats spending 15 trillion/yr

cruise
 Quoting: Anonymous Coward 53820351


they will fall after the sale at the current market. reduced demand from china and india will place downward pressure on prices.

simple.

down the road, the reserves will be replenished at a much lower price.
 Quoting: Anonymous Coward 81229283


Only thing "simple" is your way of thinking.

Your line of thought is strengthening our enemy.
Anonymous Coward
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11/25/2021 05:24 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
sell when prices are high.

replenish the reserves when prices inevitably fall.

watch idiots on this site say what he's doing makes no sense.
 Quoting: Anonymous Coward 81229283


i'm sure oil prices are gonna fall soon with the demorats spending 15 trillion/yr

cruise
 Quoting: Anonymous Coward 53820351


they will fall after the sale at the current market. reduced demand from china and india will place downward pressure on prices.

simple.

down the road, the reserves will be replenished at a much lower price.
 Quoting: Anonymous Coward 81229283


Only thing "simple" is your way of thinking.

Your line of thought is strengthening our enemy.
 Quoting: Anonymous Coward 77647683


your cavalier use of the word 'OUR' is interesting.

for me most issues are simple to solve. i suppose a person with as many enemies as you may find problem more difficult to solve.
Anonymous Coward
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11/25/2021 05:38 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Told ya yesterday, his goal is to drain our reserve tanks dry.
 Quoting: Anonymous Coward 81199294


The goal is to cripple the US.

Short these markets. Thank your portfolio later.
Anonymous Coward
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11/25/2021 05:41 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Told ya yesterday, his goal is to drain our reserve tanks dry.
 Quoting: Anonymous Coward 81199294


The goal is to cripple the US.

Short these markets. Thank your portfolio later.
 Quoting: Anonymous Coward 80435948


login and identify yourself when giving investment advice. when that suggestion blows up in her face, she should at least know who to come looking for.
Captain Texas

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11/25/2021 11:08 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The reserves are for the comming military conflict with Russia/China.
TinfoilHatMan

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11/25/2021 11:13 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Told ya yesterday, his goal is to drain our reserve tanks dry.
 Quoting: Anonymous Coward 81199294


The goal is to cripple the US.

Short these markets. Thank your portfolio later.
 Quoting: Anonymous Coward 80435948


Technically they're not tanks, they're salt mines. grinning
SpiritualWarrior

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11/25/2021 11:14 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
 Quoting: Adam Henry


Selling? How about already paid for and owed. He didnt get cheated in for no good reason.
Treerat

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11/25/2021 11:22 PM

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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
Gas ration coming. Democrats suck.
Prayandprepare000

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11/25/2021 11:24 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
His name is Xiden.
thinking...

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11/25/2021 11:26 PM

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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
 Quoting: Adam Henry


I went to the source article at Fox Business and look at the headline:

Oil reserves released by Biden expected to primarily go to China, India

In what universe does 18% out of 100% add up to "primarily"?

Further, in the article it states:

China and India have been actively purchasing U.S. sour crude oil produced in the Gulf of Mexico, first reported Bloomberg.

Sour crude oil contains high levels of sulfur, which reportedly makes it more expensive to process and traditionally turns buyers away.

But U.S.-produced sour crude oil appeals to foreign buyers because of its relatively affordable price tag, the publication said.


[link to www.foxbusiness.com (secure)]

So, WTF are they are actually saying there? Is the 18% of 50M barrels, from the strategic reserves, sour crude? They don't say. What shitty journalism. It makes a big difference if it is because oil that is hard to get rid of.

I don't even know what the strategic reserves are. It sounds like ready to go gasoline being stored in tanks but this sounds like unrefined oil.

Anyway, I hate Xiden but these articles are shit, not very clear and the Fox headline is a straight up lie.
In his poem Human Pride, Marx admits that his aim is not to improve the world, reform or revolutionize it, but simply to ruin it and enjoy it being ruined:

With disdain I will throw my gauntlet full in the face of the world,
And see the collapse of this pygmy giant whose fall will not stifle my ardor.
Then will I wander godlike and victorious through the ruins of the world
And, giving my words an active force, I will feel equal to the Creator.

“Looking for consciousness in the brain is like looking in the radio for the announcer.”

– Nasseim Haramein, Director of Research for the Resonance Project


Normalize every aberrant behavior, bring common all deviancy and let fly the reins of morality and reason, then welcome in that utopia that liberals embrace called communism, that which most Americans with but a shard of ethic would immediately recognize as evil.
 Quoting: judahbenhuer
Anonymous Coward
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11/25/2021 11:30 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
This makes no fucking sense as China is getting ready take Taiwan. Right?
 Quoting: Mr. Bisby


If glp told you that then its false
Anonymous Coward
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11/25/2021 11:31 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
This makes no fucking sense as China is getting ready take Taiwan. Right?
 Quoting: Mr. Bisby


Xiden has to pay for them rigged machines. Nothing is free
Anonymous Coward
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11/25/2021 11:31 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
IT'S SO EVIL AND NO ONE DOES A GOD DAMN THING ABOUT IT
 Quoting: KuvaszLove


Who is going to do anything about it? Unfortunately, we have become a nation of pussies. Myself included. In the old days that mfer would be swinging from a tree with about 500 other ceo's, judges and corrupt politicians. They are committing treason and we sit and watch. I am getting close to the end of my journey here, and I wonder some days if going out with a bang is the way to go.
Anonymous Coward
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11/25/2021 11:34 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
 Quoting: Adam Henry


I went to the source article at Fox Business and look at the headline:

Oil reserves released by Biden expected to primarily go to China, India

In what universe does 18% out of 100% add up to "primarily"?

Further, in the article it states:

China and India have been actively purchasing U.S. sour crude oil produced in the Gulf of Mexico, first reported Bloomberg.

Sour crude oil contains high levels of sulfur, which reportedly makes it more expensive to process and traditionally turns buyers away.

But U.S.-produced sour crude oil appeals to foreign buyers because of its relatively affordable price tag, the publication said.


[link to www.foxbusiness.com (secure)]

So, WTF are they are actually saying there? Is the 18% of 50M barrels, from the strategic reserves, sour crude? They don't say. What shitty journalism. It makes a big difference if it is because oil that is hard to get rid of.

I don't even know what the strategic reserves are. It sounds like ready to go gasoline being stored in tanks but this sounds like unrefined oil.

Anyway, I hate Xiden but these articles are shit, not very clear and the Fox headline is a straight up lie.
 Quoting: thinking...


Are these articles shitty or is the person reading them at a 9th grade reading level. No amount of good journalism would ever be enough for you to comprehend. Time to get that ged

Let'sgoBrandon

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11/25/2021 11:36 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
 Quoting: Adam Henry


He's burning the country down just as fast as he can folks.
Obama is behind him giving all the marching orders.
Diversity or Culture?


You chose poorly...
Anonymous Coward
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11/25/2021 11:37 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
10 percent to the BIG GUY!!
VampPatriot

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11/25/2021 11:38 PM

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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The reserve is in the case of a crisis like invasion or weather related, and this asshole is giving it to China? Figures.

This is really gonna fuck the nation over in the future.

But hey on the bright side, they won’t have fuel to use F15s and tanks against us, so, whatever.
Sic Semper Tyrannis.

The F in Communism stands for Food.

"FREEDOM IS SLAVERY.
IGNORANCE IS STRENGTH.
WAR IS PEACE.
STAYING APART BRINGS US TOGETHER." NWO Mantra
Anonymous Coward
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11/25/2021 11:45 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
IT'S SO EVIL AND NO ONE DOES A GOD DAMN THING ABOUT IT
 Quoting: KuvaszLove


Who is going to do anything about it? Unfortunately, we have become a nation of pussies. Myself included. In the old days that mfer would be swinging from a tree with about 500 other ceo's, judges and corrupt politicians. They are committing treason and we sit and watch. I am getting close to the end of my journey here, and I wonder some days if going out with a bang is the way to go.
 Quoting: Anonymous Coward 76821549


careful how you say that stuff they watch everyone already but dont give them rope like that.
hf
Anonymous Coward
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11/25/2021 11:47 PM
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Re: Biden is selling 1/3 of oil reserves he's releasing to China and India
The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

[link to www.wnd.com (secure)]
 Quoting: Adam Henry





Selling? How about already paid for and owed. He didnt get cheated in for no good reason.
 Quoting: SpiritualWarrior


yoda





GLP