U.S gas prices continue to soar to record highs. The price increases have been reflected across the economy, resulting in higher prices for essential goods.
Biden has refused to relent and create a more consistent regulatory environment for oil companies.
He has called the rise in gas prices “Putin’s price hike” even though oil companies have disputed his claims and said that gas prices could be lowered if Biden gave them leases to drill.
Even worse, Biden has decided to (once again) put America last and sell our strategic oil reserves to other countries.
Last month, Biden exported more than 5 million barrels of oil to other countries, including our geopolitical enemies like China.
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.
The fourth-largest U.S. oil refiner, Phillips 66, shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.
Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies, exported 2 cargoes of 560,000 barrels each, the data showed.
Oh, and, “Cargoes of SPR crude were also headed to the Netherlands and to a Reliance refinery in India, an industry source said. A third cargo headed to China, another source said.”