Joe Biden has shipped five million barrels from the United States' Strategic Oil Reserve abroad, after claiming that releasing them would help ease Americans' pain at the pumps.
The president faces accusations of a sneaky sleight of hand as it was revealed that between a fifth and a sixth of the reserve oil he bragged about releasing to boost supply made its way offshore to Europe and Asia in June.
Biden authorized the release of a million barrels a day from April onwards. But his action has done little to combat soaring gas prices, with the national average sitting at $4.74 as of Tuesday - still far above the $2.28-a-gallon average from just before he took office.
Biden's announcement about releasing the oil barrels was made in April, and saw him say: 'These releases will put more than one million barrels per day on the market over the next six months, and will help address supply disruptions caused by Putin's further invasion of Ukraine and the Price Hike that Americans are facing at the pump.'
But it has had little effect, with a closer look at the press release revealing that the oil released from the strategic reserve was always destined for the highest bidder - even if they were overseas.
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The very corrupt, very evil, totally demented idiot is only doing what the puppet masters tell him to do, if it is him actually doing it!!!!! The plan of the devildemocommiecrats and their gop establishment friends is to destroy America!!!!!!!!!!!
One Question. What part of this is not Treason??
Disgusting commie bastard.
TRAITOR JOE and first slut of the US.
He will do anything to F the American Citizens and Taxpayers-!!! THEY WORK FOR THE PEOPLE-!!!
Robert, they are SUPPOSED to work for We the People but they are working for satan, our enemies, and themselves!!!!!!!!!!
This is leaving us high and dry, it is endangering our national security, it is not in the interest of America, this is treasonous, so is the border!
This idiot should be the fake president of China
PONZI Scheme, Here we go again!!!!
The release of one million barrels of crude per day has not resulted in reduced prices at the pump and WILL NOT… as the markets are no longer the product of supply and demand…. The energy markets are managed markets, that enable Big Energy to reap windfall profits... huge gains, without adding value to the market. The manipulation of supply by a few major oil concerns can create huge swings in retail fuel prices
Greed and avarice reign in many of the capital markets in the USA … betrayal comes in many forms and one of those forms is the manipulation of our Energy Markets that create unacceptable national security risks Raiding the Nation’s STRATEGIC OIL RESERVES to make up for artificially created shortages puts the nation at risk. Should war or a natural disaster require their use our government may go to the cupboards, looking for oil, only to find the cupboards are bare. Free Markets rarely exhibit huge swings in retail prices. Managed markets often generate huge swings in retail prices, as they reflect the producer's needs for profit, not supply and demand. Such markets are the product of collusion, price-fixing, and monopoly forces... the concentration of production among a few corporate interests.
Big Energy is putting America at risk and they know it... treason comes in many forms and the board of directors for these companies need to rethink their commitment to the source of their prosperity.. the US's abundant supply of crude oil and the stable economic and government system which enables them to do business without the excessive risks found in most of the world.
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