(07-09-2022, 07:39 AM)The Drifter Wrote:

(07-09-2022, 05:46 AM)The Real Marty Wrote: Here's an interesting article on that. 

https://factcheck.afp.com/doc.afp.com.32E34BY

Fact Check?????? LOL.... they're a Democrat front that has their heads of their collective [BLEEP].......

Top Democrat Baffled by Biden Sending American Reserve Oil to China

From this posted article: "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," Reuters reports. "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."

https://townhall.com/tipsheet/katiepavli...gaq7gFr9aM

First of all, yes, the release of petroleum from the SPR is just a political stunt, and Biden's call for gas suppliers to cut their prices is a stupid thing to say and reflects profound ignorance of how the economic system works. 

However, to say Biden is "sending oil overseas" is an equally dumb statement, which also reflects a misunderstanding of how the system works.  

The price of oil is set on the world market.  Where crude oil goes depends on the type of oil it is, and what refinery is set up to handle that type of crude oil.  Biden doesn't "send the oil overseas."  He authorizes a release from the SPR, and the oil companies handle it from there.  

And yes, releasing oil from the SPR is just a political stunt.  But to accuse him of "sending the oil overseas" is ignorant.

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