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With Oil Prices Up More than 60% in a Year Biden Decides to Sell US Oil Reserves Overseas to Asia

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(Joe Hoft) Biden is taking another action that goes against America.  This one is costing Americans lots.

Related EU Enters Crisis Mode as Citizens Rise Up and Reject ‘New World Order’ Lockdowns

Source – The Gateway Pundit

by Joe Hoft, November 18th, 2021

Biden shuts down oil production in the US and then sells America’s reserves of oil to Asia.  How does this make sense?

Practically overnight, America went from oil independence and being a net oil [exporter], to suffering shortages and, as noted, rising prices. When asked about the problem, Biden risibly blamed OPEC and Russia. Meanwhile, Jennifer Granholm, the energy secretary, simply cackled maniacally and claimed the administration was helpless.

Biden is now under pressure to tap the SPR to relieve some of the pressure on fuel prices. (Again, remember that Biden birthed this problem by squashing American fuel production, thereby creating the shortage. There’s also the little matter of his administration working with Congress to print money like rolls of toilet paper—except that toilet paper is more useful than inflationary dollars.) Even Chuckie Schumer wants to lower prices by chipping away at our SPR emergency supply, despite our having vast, untapped resources beneath American land.

It turns out, though, that Biden is already tapping into the SPR; he’s just not doing it to help Americans. A report in investment circles is finally trickling down into the mainstream news: Biden is selling massive amounts of SPR oil…to Asia!

About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.

“Given the ongoing pace of the current SPR release — 12 million barrels in the last two months and the biggest weekly release so far last week at 3.1 million barrels — it’s fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead,” said Matt Smith, an oil analyst at Kpler.

Biden gave Taliban terrorists $84 billion in arms and gear and planes and choppers.  Biden opened the Southern Border and more than a million illegal immigrants have crossed into the US.  Now Biden sells the US oil reserves to Asia after changing America from being an oil exporter to dependent on Russia and the Middle East.

Is it time to impeach and remove Biden yet?  If not when will it be enough?

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About The Author

Joe Hoft

Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy.

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– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.

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Source: 

https://www.thegatewaypundit.com/2021/11/oil-prices-60-year-biden-decides-sell-us-oil-reserves-overseas-asia/

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