“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 writes.
“About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October,” Reuters wrote. “The flow is draining the SPR, which last month fell to the lowest since 1986. … 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.”
In December Joe Biden announced he was going to open the US oil reserves. This was after he spent the last year blocking pipelines and production here in the United States.
1 comment:
TREASON!
Post a Comment