America’s Strategic Petroleum Reserve is being exported to Europe and Asia by the Biden Admin. What’s drastically wrong with this picture? It’s being reported that over 5 million barrels of crude have been exported that were released to lower U.S. high fuel costs. Our emergency petroleum reserves for our military should America be attacked by a foreign power. The current administration is making America Last and is feeding our country to the wolves as WWIII looms. How can we defend our once great nation if our strategic energy reserves are empty? You may find this video interesting! ๐
Globalist Takeover Of America Coup Truth Or Conspiracy Theory. Video credit, Qanon.
Reuters reports: More than 5 million barrels of oil that were part of the U.S. emergency petroleum reserve were released to lower domestic fuel prices but were exported to Europe and Asia last month, according to sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude is blunting the impact of the moves by Joe Biden to lower record prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.
U.S. Department Of Energy reports: The Strategic Petroleum Reserve, or SPR, is a complex of four locations that stockpile emergency oil in deep underground storage caverns created in salt domes along the Texas and Louisiana Gulf Coasts. Although the idea of stockpiling emergency oil arose as early as 1944, it took the oil embargo of 1973-74 to spur the creation of the Strategic Petroleum Reserve, which was included in the Energy and Conservation Act signed by President Ford in late 1975.
The salt caverns on the Gulf Coast were chosen as an inexpensive and secure location close to many U.S. refineries and distribution points for tankers, barges, and pipelines. The SPR can hold up to 727 million barrels. These are split into barrels of sour meaning the oil contains more than 0.5 percent but less than 2 percent sulfur by weight and barrels of sweet oil with a sulfur content of less than 0.5 percent by weight. Sweet crude oil is more frequently requested from the SPR, as it can be processed by nearly all refiners; the same is not true of sour. Oil can be drawn down from the SPR in three different ways: a full drawdown to counter a “severe energy interruption,” or a limited drawdown of up to 30 million barrels such as the drawdown that took place during Hurricane Katrina.