You, my fellow American, are being seriously lied too…
Biden Dangerously Draining Strategic Petroleum Reserve Like ‘Campaign Credit Card,’ Industry Warns…
With crude inventory in the SPR down to its lowest level since Ronald Reagan’s first term, President of the U.S. Oil and Gas Association Tim Stewart said the reserve is being used by Biden to “buy down political risk” ahead of the midterm elections…
Oil from U.S. Strategic Reserves Loaded Up on Ships Heading to Distant Shores…Little Staying Here…
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…
CHASER: More Oil from U.S. Strategic Petroleum Reserve Heads to Europe…
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and looks to reduce reliance on Russian oil, Bloomberg reported on Thursday, citing tanker-tracking data and sources with knowledge of the shipments…
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…
Biden Drops Details on Strategic Petroleum Reserves, Then Flees from Media Questions…
As we noted earlier, Biden’s “exchange-based” release from the global SPR has been a dud, as oil prices surged on Tuesday after the administration confirmed plans for a record-setting 50M barrel release which is contingent on America’s ability to convince Japan, the UK and several other allies to engage in “global” swaps from the strategic reserves, for a total of 100 million barrels…
Trump to Fill Strategic Oil Reserves, Easing Price Pressures During Saudi-Russia Dispute…
President Trump has directed the Energy Department to secure 77 million barrels of American oil to fill the nation’s Strategic Petroleum Reserve, amid the ongoing global coronavirus crisis and an oil war between Russia and Saudi Arabia. The department will begin filling the reserves by soliciting up to 30 million barrels of oil and will […]
U.S. To Sell First 8 Million Barrels From Strategic Reserves…
Oil Markets Brace As U.S. Looks To Sell 100 Million Barrels From SPR…
The U.S. has stored roughly 700 million barrels of crude oil in salt caverns in Texas and Louisiana for decades. The SPR was established in the aftermath of the Arab oil embargo in 1973…