Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

U.S. Strategic Petroleum Reserve Being EXPORTED! We Are Being Sold-Out! US Continues To Export Record Levels of Oil Reserves Despite Record High Gas Prices!

% of readers think this story is Fact. Add your two cents.


Hal Turner / Hal Turner Radio Show

More than 5 million barrels of oil that were part of a U.S. emergency oil reserves release aimed at lowering domestic fuel prices . . . were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices touched record highs.

The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden designed to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.

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.

U.S. crude futures are above $105 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation https://gasprices.aaa.com/. U.S. officials have said oil prices could be higher if the SPR had not been tapped.

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 declined 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 — even though China is buying oil directly from Russia and ignoring US Sanctions upon Russia!

At least one cargo of crude from the West Hackberry SPR site in Louisiana was set to be exported in July, a shipping source added.

“Crude and fuel prices would likely be higher if (the SPR releases) hadn’t happened, but at the same time, it isn’t really having the effect that was assumed,” said Matt Smith, lead oil analyst at Kpler.

The latest exports follow three vessels that carried SPR crude to Europe in April helping replace Russian crude supplies.

***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! Click Here For More Information & To Order!***

EXPERIENCE OXYGENATION AT THE CELLULAR LEVELClick Here

Morgan talks about the deflationary nature of all these CV19 injections

HAL TURNER EDITORIAL OPINION

The United States of America is being intentionally weakened and drained of resources vital to our survival and to our national security.  

Almost one-third of our military weaponry/ ammunition, and armor, has been exported to either Europe (for NATO) or donated to Ukraine.

Now we find that OUR emergency oil reserves are not being used here in the USA, but instead, being shipped OUT OF THE COUNTRY.

If the U.S. is attacked or, God forbid, invaded, we won’t have enough weapons or ammunition, and now, we won’t even have enough of OUR OWN OIL!

This is an intentional weakening of the nation; perhaps to make us ripe for takeover.

Remember who the people are in charge, who are doing these things, so they can be held personally accountable.

https://halturnerradioshow.com/index.php/en/news-page/world/u-s-strategic-petroleum-reserve-being-exported-we-are-being-sold-out


The US Continues To Export Record Levels of Oil Reserves Despite Record High Gas Prices

The US Continues To Export Record Levels of Oil Reserves Despite Record High Gas Prices

By Michael Robison / The Gateway Pundit

The historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices led to more than 5 million barrels of oil being exported to Europe and Asia last month, despite record-high gas and diesel prices.

The news of the export to other nations was reported by Reuters a week ago and raised concern over the continued mismanagement of resources by the Biden Administration. 

Oil exports from the U.S to reach an all-time high of 3.3m b/d in the current quarter as refinery disruptions and Strategic Petroleum Reserve releases increase available supplies, Rystad Energy says.

Advertisement – story continues below

Drink This Before Bed, Watch Your Body Fat Melt Like Crazy!

If You Like to Play On Your PC, This Old-School Strategy Game is a Must.

The export of crude and fuel hinders the impact of the moves by Biden, who claimed the release of the strategic reserves would lead to lower prices at the pump. U.S. crude inventories are now at the lowest since 2004. Refineries in the U.S. Gulf coast were at 97.9% utilization before the release of the reserves.

Biden continues to grasp at straws to deflect blame for the rising fuel costs. On Saturday, he called for gas stations to cut their prices, drawing criticism from Amazon founder Jeff Bezos.

Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk

About 1 million barrels are being released from the Strategic Petroleum Reserve (SPR) daily. The release is expected to continue through October. 

In June, The SPR fell to the lowest since 1986. 

Complete article here: https://www.thegatewaypundit.com/2022/07/us-continues-export-record-levels-oil-reserves-despite-record-high-gas-prices/

***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! Click Here For More Information & To Order!***

EXPERIENCE OXYGENATION AT THE CELLULAR LEVELClick Here

 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.