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Topic Title: Oil reserves released by Biden expected to primarily go to China, India
Topic Summary: American citizens always LAST with Biden!
Created On: 11/23/2021 04:14 PM
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 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/23/2021 04:14 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - follydude - 11/23/2021 05:02 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/23/2021 11:05 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - sandi - 11/23/2021 11:48 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - follydude - 11/24/2021 05:08 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Cole - 11/24/2021 06:14 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - dingpatch - 11/24/2021 02:04 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - Greensleeves - 11/25/2021 04:56 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/25/2021 09:44 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Cole - 11/25/2021 01:31 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/26/2021 04:23 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Cole - 11/26/2021 06:47 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/26/2021 12:49 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - nukeh2o - 11/26/2021 02:42 PM  
 Oil reserves released by Biden expected to primarily go to China, India   - Greensleeves - 11/27/2021 02:22 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Fish Killer - 11/27/2021 05:27 AM  
 Oil reserves released by Biden expected to primarily go to China, India   - Greensleeves - 11/29/2021 04:10 AM  
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Fish Killer

Posts: 71439
Joined Forum: 10/09/2005

Oil reserves released by Biden expected to primarily go to China, India
U.S. taps 50 million barrels of oil from reserves in an attempt to tamper spiking costs at the gas pump
By Caitlin McFall FOXBusiness

Fox Business Flash top headlines for November 23
Check out what's clicking on FoxBusiness.com.

President Biden's move to tap the U.S. Strategic Petroleum Reserve is expected to supply Chinese and Indian oil needs as gas demands have led to global shortages, reports said Tuesday.

The White House said the Department of Energy will release 50 million barrels of oil held in U.S. reserves - 18 million of which have already been congressionally approved for sale.

TOP REPUBLICAN ON ENERGY COMMITTEE SAYS TOO LITTLE TOO LATE AFTER BIDEN TAPS OIL RESERVE

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.

The White House's Tuesday announcement means the U.S. will seek to accelerate sales abroad in an attempt to counter spiking prices at the gas pump.

U.S. President Joe Biden speaks on the economy during an event at the South Court Auditorium at Eisenhower Executive Office Building on November 23, 2021 in Washington, DC. President Biden announced the release of 50 million barrels of oil from the S (Photo by Alex Wong/Getty Images / Getty Images)

The additional 32 million barrels will be intended for U.S. consumers to alleviate increased demand.

Earlier this month OPEC+, led by nations like Saudi Arabia and Russia, refused to increase production to meet rising demands.

Gas shortages have led to rising inflation and gas prices at the pump not seen in seven years.

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.
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