July 5, 2022 | By Arathy Somasekhar | REUTERS | us news.com
Oil From U.S. Reserves Sent Overseas as Gasoline Prices Stay High
“HOUSTON (Reuters) -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.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden 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.”
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Link To Article_Report: Joe Biden Sold Nearly One Million Barrels from U.S. Strategic Petroleum Reserve to CCP-Owned Oil Company Linked to Hunter Biden Firm_Breitbart
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Link to Article_Biden sends 5 million barrels of U.S. oil to Europe, Asia despite soaring gas prices_Washington Times
