What? Biden Sold America’s Oil Reserve To China

It is all here , An excerpt "One month after Trump became president, February 2017, crude oil stood at $67.62 a barrel. By July 2020, after ramped up production and COVID, oil was $24.21 a barrel. By April 2022, oil hit $110.45 a barrel. Why? We thought we knew. Now we really know. The going-in theory was that Biden – preoccupied by climate change, sure renewables will replace oil and gas, and oblivious to China’s pollution – dramatically cut US fossil fuels, radically raising US prices. This was true. On and after January 20, 2021, Biden has issued punitive, increasingly restrictive executive orders, regulations, and expensive legislation – passed by single-party government – intended to shut down big parts of the US fossil fuel industry. https://amac.us/newsline/economy/what-biden-sold-americas-oil-reserve-to-china/?utm_objective=website_traffic&utm_source=email&utm_campaign=amac&utm_medium=newsletter&utm_content=newsletter_081223&dderh=5d6a03f871a1dd60b9d4c6de6c7d3b68

He's sold it to other countries, besides China, so slow your roll, David.

Some of the oil from the Strategic Oil Reserve, which is the federally owned stock of emergency crude oil, is sold to eligible companies that make the highest offers. Some of the companies are U.S. subsidiaries of foreign companies, and some that purchased oil have then exported a portion to buyers overseas, including China. Exports increase the global supply and still help with U.S. gas prices.  This oil has been exported to countries in Europe, as well.  

Pretty sure that this has been done by other presidents before, since the Strategic Oil Reserve has been around since 1975.  The reserve has around 400 million barrels of oil in its coffers, of which only about 5 million barrels has been shipped around the world.

Edso, you really shouldn't address David's insane rants as if they were factual or had any logical basis. He's not interested in discussion. As you point out, "BIDEN DONE SOLDED AMURRICA"S OIL RESURVE TO CHINA!!!!" is grossly inaccurate and misleading. And the pseudo-article's "Biden dramatically cut US fossil fuels" is simply a lie--the President of the United States has NO power to dictate domestic oil production.

Since you've contradicted David several times mow, prepare to be screamed at and called a liar and a traitor. That's the only purpose of his idiot posts. Don't try to converse with him as if he were human.

  Edso, the point is that he sold Americas oil reserves which kept the price of energy high in America and depleted the oil that was supposed to be held in reserve for America. Re read the article - it elucidates what he has done to America and Americans. 

I get it Kevin, but I can't help trying to educate people that post sensationalized stuff.  I  guess they do it to make themselves feel better about their positions, personal or political, which is their right. But putting it out in a public forum is bound to cause disention, which I guess, is what DM wants. 

BTW- Anthony gave you props on the Live Stream yesterday with Andrew and Deke.

  Well, I tried. Just ignore what the article says each and every time you fill up your car, pay your light bill and buy groceries that have become more expensive because of the cost to transport them. Causing "disention" is not what I want - I want people to understand the how and why of what the brain dead Biden administration has done to America's energy independance. 

"SOLD AMURRICUZ OIL RESURVS" is a lie. Period. A SMALL PORTION (less than 2%) was sold. But the more sensationalistic and inaccurate headline appeals to the tiny-brained folk.

Similarly, "ENURGEE INDERPENDEYANCE" is blurted by David, etc. as often as a cow farts, but it's a silly and meaningless phrase to use, because we've been energy independent, by any sane definition of the term, for our entire history--and we are now. We can and always have been able to meet our domestic energy needs with domestic production. The fact that we buy and sell energy on world markets doesn't change that.

But pointing out these simple realities to morons like David may be an exercise in futility.

Educating David Miller is like trying to teach nuclear physics to a cocker spaniel. You won't succeed, and all he'll do is bark and poop on your lawn.

Thanks for the tip re the livestream.

Gotcha Kevin.    And you're welcome.

Business Insider: The US made $4 billion selling oil this year [2022] on President Biden's unprecedented releases from the Strategic Petroleum Reserve