Strategic oil reserve short sale to China

Cali4x4

Active Member
Messages
751
It has been reported another 950,000 barrels of oil was sent to a Chinese Communist Party company with ties to Hunter Biden....

By Ramsey Touchberry - The Washington Times - Wednesday, July 6, 2022

The U.S. has allowed more than 5 million barrels of oil from the Strategic Petroleum Reserve to be exported to Europe and Asia, a move that contradicts President Biden’s statements about trying to bring down the cost of soaring prices at the pump.
The exports are part of a broader and historic release of 1 million barrels per day through October from the reserves, one of several efforts by Mr. Biden to blunt high fuel costs that have had minimal impacts.

Phillips 66, one of the country’s largest oil refiners, has shipped roughly 470,000 barrels from a reserve storage site in Texas to Italy, according to Reuters. Atlantic Trading & Marketing, part of French oil company TotalEnergies, exported more than 1.1 million.

The outlet reported that U.S. crude from the reserves was also bound for the Netherlands, India and China.
In total, Mr. Biden plans to release up to 260 million barrels of oil from domestic reserves from October 2021 through October 2022. There were roughly 618 million barrels at the end of September 2021. The reserve is expected to be depleted to less than 400 million, the lowest since 1984.
The average price for a gallon of regular gas was $4.78 as of Wednesday, according to AAA. It has come down slightly in the past several weeks from its previous high of roughly $5 per gallon, but costs remain far above that of a year ago when it was $3.13.

The White House in recent days has doubled down on its criticism of Big Oil by reiterating its call for energy companies and gas stations to trim their profits due to Russia’s war in Ukraine that has exacerbated the lack of global supply.
 
Theirs a war in Ukraine?
And guess where all of your hard earned money is going? I just got a bonus from last year and as you know they tax these as capital gains at a rate of just shy of 50%! Pisses me off when I pay that amount of my pay check and they shovel BILLIONS to that corrupt Ukrainian! They would probably be better off to surrender and then we can all move on!! And this may piss off some but these “I stand with Ukrainian” signs in front yards of my neighbors boils my blood! It’s one of if not the most politically corrupted evil countries that exists.
 
This is definitely NOT something that would have happened on trumps watch.

The bigger question is how someone is selected to be the broker for these transactions :unsure:
 
The problem is that dumping strategic oil reserves on the free market will end up being sold to whoever buys it. Even if they forced the sale to the domestic market, other domestic oil would be sold to foreign markets, essentially ending in the same result. The only way to stop all that is to eliminate the world-wide free market. That means stop exporting any oil. But that also means imports would likely be restricted. Dunno it that would be good or bad in the long run...
 
This is definitely NOT something that would have happened on trumps watch.

The bigger question is how someone is selected to be the broker for these transactions :unsure:
i think the fastest route is be bindens off spring.

up side - lots of money made by selling access to the big guy to hostile foreign governments

down side - shower time with the big guy :oops:
 
And guess where all of your hard earned money is going? I just got a bonus from last year and as you know they tax these as capital gains at a rate of just shy of 50%! Pisses me off when I pay that amount of my pay check and they shovel BILLIONS to that corrupt Ukrainian! They would probably be better off to surrender and then we can all move on!! And this may piss off some but these “I stand with Ukrainian” signs in front yards of my neighbors boils my blood! It’s one of if not the most politically corrupted evil countries that exists.
huh? well ill be!

i heard about something called cervid or covid 17,19 something the other day too. whats going on there?!!! sounds bad

seems i have some memory of the media being real worked up about stuff but then it just goes away when t doesn't seem to be working for them any more. weird.

hey have you guys heard that Russia is why were paying so much for gas, food, everything!?? man i really hate those Russian guys now :mad:
 
Last edited:
The problem is that dumping strategic oil reserves on the free market will end up being sold to whoever buys it. Even if they forced the sale to the domestic market, other domestic oil would be sold to foreign markets, essentially ending in the same result. The only way to stop all that is to eliminate the world-wide free market. That means stop exporting any oil. But that also means imports would likely be restricted. Dunno it that would be good or bad in the long run...


True


Meaning most likely, we will dump reserve oil onto the market, then buy that same oil back at a higher price

It would only be unbelievable if not true
 
i think the fastest route is be bindens off spring.

up side - lots of money made by selling access to the big guy to hostile foreign governments

down side - shower time with the big guy :oops:
Oh come on now……we aren’t talking about Ashley. Quit exaggerating.
 
huh? well ill be!

i heard about something called cervid or covid 17,19 something the other day too. whats going on there?!!! sounds bad

seems i have some memory of the media being real worked up about stuff but then it just goes away when t doesn't seem to be working for them any more. weird.

hey have you guys heard that Russia is why were paying so much for gas, food, everything!?? man i really hate those Russian guys now :mad:
Putin's tax strikes again!
 
im betting there was plenty of shower time to go around in the brandon household. remember, before "brandon" it was "creepy" joe. he earned that one, theses lots a hair sniffin pics out there

Amazing how the media avoids him taking showers with his daughter. Also amazing using the fbi to go after the guy who found the diary of Brandon's daughter. But yet here we are to worry about jan 6th.
 
Is this a common practice to give oil to foreign countries? Or is this Brandon being stupid again?
The Bidenettes will tell you it's a world market, but Brandon could give an executive order banning the export of our emergency oil reserve. He doesn't love America that much though.
 
6d99vm.jpg
 
Will Brandon forfeit Alaska to Russia. Just like he did with Afghanistan to the Taliban and China? This Brandon guy is something else.
 
This chit needs to stop. Low IQ Joe. End of quote repeat the line
I know you can tell the point in the video where he fills his diaper. I just don’t know if its when he’s stammering over trying to read or when the look of horror shows on heels up Harris face. I’m sure twat will be able to tell us. His hero after all
 
The Dems have really shown their cards with this Brandon Administration. They are Intentionally trying to destroy the
country. Joe is just the Puppet.
Never forget.
 
Seems most people don't know anything about commodity trading and they sure as hell don't want to learn about it. it's more fun to whine and snivel in ignorance obviously.

Oil is a commodity, it's for sale to the highest bidder . the government doesn't have refineries or a distribution system so they're not in the oil business. but if we become the communists you desire us to become that may change someday.

The US refineries are operating at capacity so it wasn't of much interest to them though some was bought. some was sold to Europe and 3.2% was sold to a Chinese trading company. low quality crude US refiners had little interest in.

So no matter who buys a commodity it's product on the market and the commodity price reflects it. had they only sold the oil to US refineries there would be several problems, first they didn't need it so they would have paid less than market value. and it would still be sitting there doing nothing.

I wish stupid people had money. it would be so much easier fleecing people like you than dealing with the savvy traders I have to work with.
End of quote. Repeat the line.
 
Seems most people don't know anything about commodity trading and they sure as hell don't want to learn about it. it's more fun to whine and snivel in ignorance obviously.

Oil is a commodity, it's for sale to the highest bidder . the government doesn't have refineries or a distribution system so they're not in the oil business. but if we become the communists you desire us to become that may change someday.

The US refineries are operating at capacity so it wasn't of much interest to them though some was bought. some was sold to Europe and 3.2% was sold to a Chinese trading company. low quality crude US refiners had little interest in.

So no matter who buys a commodity it's product on the market and the commodity price reflects it. had they only sold the oil to US refineries there would be several problems, first they didn't need it so they would have paid less than market value. and it would still be sitting there doing nothing.

I wish stupid people had money. it would be so much easier fleecing people like you than dealing with the savvy traders I have to work with.
To the self proclaimed economic geniuses out there. What happens when Washington and the Brandon Administration prints large amounts money?

Supply and demand. Increase the supply of US dollars. Will undoubtedly decrease it's value.


Money Printing and Inflation: COVID, Cryptocurrencies and More​

CONTRIBUTOR
Ron Surz

PUBLISHED
NOV 16, 2021 3:49PM EST


  • As of March 2021, COVID costs totaled $5.2 trillion. World War II cost $4.7 trillion (in today’s dollars).
  • All-in money printing totaled $13 trillion: $5.2 for COVID + $4.5 for quantitative easing + $3 for infrastructure. Mountains of money cause inflation
  • Inflation causes increases in interest rates, lowering bond prices
  • Increases in interest rates cause reductions in stock values
All-in spending was approaching $13 trillion as of mid-2021. That’s more than the US spent in it’s 13 most expensive wars combined. We use wars because they’re the most expensive things we can think of. Money printing for Quantitative Easing (QE) appears to have worked, so the plan is to load on a bunch more paper money. Is there no limit?
We start with a look at recent COVID costs and then expand to the bigger picture.
President Biden’s $1.9 trillion American Rescue Plan is the third dose of economic COVID relief bringing the total to $5.2 trillion, which is about 25% of GDP (Gross Domestic Product). It’s huge. $5.2 trillion is the total cost of all our wars since 2001, and is greater than even our most expensive war in history, World War II.
 
I know I stated that it's a free market, and thus the sale to whomever was just that market in play. I certainly was not supporting Biden however. Quite the contrary- I think selling reserves on the free market to deal with lack of drilling is ridiculous. It's not even to band aid level. The whole point of the reserve was to deal with oil embargos. Instead, the reserves have been sold over and over as political props for market conditions that should be dealt with by increasing supply. It's like someone who spends too much. Instead of getting a second job, or a better paying job- they drain their savings and act like that solves something. Not too bright....
 
"Statigic" meaning so China can continue to send us Made in China goods. My gosh! What would happen if China couldn't sell their junk here? God knows we can't produce our own goods.
 
BIDEN 2024!!!!
Let's go Brandon! An excerpt from Ashley Biden's diary. Left behind in a drug rehab facility. This Brandon family leave a trail of incriminating breadcrumbs behind.

ALLEGED JANUARY 2019 DIARY ENTRY BY ASHLEY BIDEN:

“I have always been boy crazy. Hyper-sexualized @ a young age…I remember somewhat being sexualized with [a family member]; I remember having sex with friends @ a young age; showers w/my dad (probably not appropriate).”



'If that's not child molestation, it is definitely close': Tucker Carlson blasts Biden over daughter Ashley's diary admission that taking showers with him as a girl may have contributed to her sex addiction after DailyMail.com revealed the extract​

  • Tucker Carlson questioned why the FBI was investigating the alleged theft of a diary as it is not a federal crime
  • Carlson said: 'The answer lies in what's in the diary. Now we know what's in the diary'
  • Ashley Biden allegedly wrote in a January 2019 entry: 'I remember having sex with friends @ a young age; showers w/ my dad (probably not appropriate)'
  • A Florida woman named Aimee Harris is under investigation for selling Ashley Biden's diary after the president's daughter left it behind at a 'halfway house'
  • Previous reports claimed the Bidens reported it stolen in an alleged burglary, but DailyMail.com has learned Harris is not being investigated for theft
  • 'It's her selling of the property that could be considered a crime. And the fact Ashley is the president's daughter kicks it to a different legal level,' source said
  • Harris, 39, moved into a Palm Beach home and found the diary under the mattress shortly after Ashley moved back to Philadelphia in 2020
  • She is said to have later passed the private journal around at a Republican fundraiser before selling it for $40,000 to right wing organization Project Veritas
  • The diary contained details about her chronic drug abuse, sex addiction, and being 'hyper-sexualized' in her youth
 
Last edited:
Creepy Joe eyeballing his youngest daughter Ashley in 1985. Dr. Jill must be so proud of the parenting of their little girl at the time.

Creepy Joe
Staring

at his young daughter chest.
Joe ashley.jpg
 
Let's go Brandon! An excerpt from Ashley Biden's diary. Left behind in a drug rehab facility. This Brandon family leave a trail of incriminating breadcrumbs behind.

ALLEGED JANUARY 2019 DIARY ENTRY BY ASHLEY BIDEN:

“I have always been boy crazy. Hyper-sexualized @ a young age…I remember somewhat being sexualized with [a family member]; I remember having sex with friends @ a young age; showers w/my dad (probably not appropriate).”



'If that's not child molestation, it is definitely close': Tucker Carlson blasts Biden over daughter Ashley's diary admission that taking showers with him as a girl may have contributed to her sex addiction after DailyMail.com revealed the extract​

  • Tucker Carlson questioned why the FBI was investigating the alleged theft of a diary as it is not a federal crime
  • Carlson said: 'The answer lies in what's in the diary. Now we know what's in the diary'
  • Ashley Biden allegedly wrote in a January 2019 entry: 'I remember having sex with friends @ a young age; showers w/ my dad (probably not appropriate)'
  • A Florida woman named Aimee Harris is under investigation for selling Ashley Biden's diary after the president's daughter left it behind at a 'halfway house'
  • Previous reports claimed the Bidens reported it stolen in an alleged burglary, but DailyMail.com has learned Harris is not being investigated for theft
  • 'It's her selling of the property that could be considered a crime. And the fact Ashley is the president's daughter kicks it to a different legal level,' source said
  • Harris, 39, moved into a Palm Beach home and found the diary under the mattress shortly after Ashley moved back to Philadelphia in 2020
  • She is said to have later passed the private journal around at a Republican fundraiser before selling it for $40,000 to right wing organization Project Veritas
  • The diary contained details about her chronic drug abuse, sex addiction, and being 'hyper-sexualized' in her youth
You live in CA, you’re a Brandon lover and supporter!!! Cali you want Biden in 2024 and you know it!
 
Only thing Brandon likes more then killing babies is showering with them…. Tell me again how morally superior he is to Trump please
 
Only thing Brandon likes more then killing babies is showering with them…. Tell me again how morally superior he is to Trump please
Hunter refers to his dad as "Pedo Peter" LMAO
When is the Hollywood blockbuster coming out.... maybe Clooney or Spacey will take on the lead role
 
You live in CA, you’re a Brandon lover and supporter!!! Cali you want Biden in 2024 and you know it!
Please do not speak for me. I know what I do and do not like. I know liberal woke lefty politics are bad for the working class. Even Rinos like Arnold Schwarzenegger are bad news. The Hollywood elites are horrible. I like senator John Kennedy from the great state of Louisiana.

The Louisiana Republican, who is up for re-election this year, on Tuesday: "In my state, the price of gas is so high that it would be cheaper to buy cocaine and just run everywhere."

Now regarding the Cali lifestyle.... Surf, skin dive, waterski, ride motorcycles and go snow skiing all within a 5 hours drive. All in a day. What other state can you do that? Great geography. I would rather be in Colorado when it comes to hunting muleys.

CA has crappy politics. Kamala was brought into politics by democrat Willie Brown. Willie as a 60 year old married man was sleeping with his protégé Kamala. 30 years +/- younger than himself. "Heels up Harris". Is that considered sleeping your way to the top in any part of our great country?

Kamala Harris had an affair with a 60-year-old married man when she was 29 who 'launched her career'.​


Let's go Brandon!
 
Please do not speak for me. I know what I do and do not like. I know liberal woke lefty politics are bad for the working class. Even Rinos like Arnold Schwarzenegger are bad news. The Hollywood elites are horrible. I like senator John Kennedy from the great state of Louisiana.

The Louisiana Republican, who is up for re-election this year, on Tuesday: "In my state, the price of gas is so high that it would be cheaper to buy cocaine and just run everywhere."

Now regarding the Cali lifestyle.... Surf, skin dive, waterski, ride motorcycles and go snow skiing all within a 5 hours drive. All in a day. What other state can you do that? Great geography. I would rather be in Colorado when it comes to hunting muleys.

CA has crappy politics. Kamala was brought into politics by democrat Willie Brown. Willie as a 60 year old married man was sleeping with his protégé Kamala. 30 years +/- younger than himself. "Heels up Harris". Is that considered sleeping your way to the top in any part of our great country?

Kamala Harris had an affair with a 60-year-old married man when she was 29 who 'launched her career'.​


Let's go Brandon!
You chose to live in a liberal state and pay taxes to fund liberal causes. You are a liberal.

Hypocrite!
 

Click-a-Pic ... Details & Bigger Photos
Back
Top Bottom