Kilroy2, posted
that is a simple interpretation that does not look at the whole story. Its competitive bidding. The highest bidder.
Still that is only part of the story. The oil sold help stabilize the market and the price of gas has gone done because of this move. Selling it to the military will not lower the price of gas. That why it was sold and not just given to the military. The benefits are for everyone not just one entity.
There is no shortages in the military or the need of unprocessed oil and gas reserves.
Problem with China well lets look at the trade deficit , The US does a lot of business with China.
In 2021, U.S. exports to China were $151.1 billion, a 21.4% ($26.6 billion) increase from 2020; U.S. imports from China were $506.4 billion, a 16.5% ($71.6 billion) increase; and the trade deficit with China was $355.3 billion, a 14.5% ($45.0 billion) increase from $310.3 billion in 2020.
So republicans have a problem selling them oil but everything else is okay . I guess that is the price you pay for a free market. Except when it comes to the government. They want to control it with this new law.
I guess when Trumps daughter wanted to make her own line of clothing, she chose China.
The President’s historic action is in addition to agreements with International Energy Agency member countries for collective action to address the market disruption caused by Russia’s invasion of Ukraine. The President and his team engaged in round-the-clock diplomacy resulting in the release of 240 million barrels from the United States as well as allies and partners globally to meet this moment.
And those actions are helping mitigate the Putin price hike. In fact, the Department of the Treasury estimates that as a result of these drawdowns both domestically and internationally, the price at the pump for Americans is up to about 40 cents per gallon lower than it otherwise would have been.
www.whitehouse.gov
Through October last year U.S. oil companies exported nearly 67 million barrels of oil to China.
But in all of 2020, when Republican Donald Trump was president, the United States exported 176 million barrels to China.
So know repubs are worried about the trade with China.
that is a simple interpretation that does not look at the whole story. Its competitive bidding. The highest bidder.
Still that is only part of the story. The oil sold help stabilize the market and the price of gas has gone done because of this move. Selling it to the military will not lower the price of gas. That why it was sold and not just given to the military. The benefits are for everyone not just one entity.
There is no shortages in the military or the need of unprocessed oil and gas reserves.
Problem with China well lets look at the trade deficit , The US does a lot of business with China.
In 2021, U.S. exports to China were $151.1 billion, a 21.4% ($26.6 billion) increase from 2020; U.S. imports from China were $506.4 billion, a 16.5% ($71.6 billion) increase; and the trade deficit with China was $355.3 billion, a 14.5% ($45.0 billion) increase from $310.3 billion in 2020.
So republicans have a problem selling them oil but everything else is okay . I guess that is the price you pay for a free market. Except when it comes to the government. They want to control it with this new law.
I guess when Trumps daughter wanted to make her own line of clothing, she chose China.
The President’s historic action is in addition to agreements with International Energy Agency member countries for collective action to address the market disruption caused by Russia’s invasion of Ukraine. The President and his team engaged in round-the-clock diplomacy resulting in the release of 240 million barrels from the United States as well as allies and partners globally to meet this moment.
And those actions are helping mitigate the Putin price hike. In fact, the Department of the Treasury estimates that as a result of these drawdowns both domestically and internationally, the price at the pump for Americans is up to about 40 cents per gallon lower than it otherwise would have been.
FACT SHEET: Department of Energy Releases New Notice of Sale as Gasoline Prices Continue to Fall | The White House
Treasury Department Estimates that Strategic Petroleum Reserve Releases by President Biden and International Partners Reduced the Price of Gasoline by up to 40 Cents Per Gallon Today, the Biden Administration announced that it is releasing the next Notice of Sale to supply additional barrels of...
The bill in the house. Well it still has to pass in the Senate.Through October last year U.S. oil companies exported nearly 67 million barrels of oil to China.
But in all of 2020, when Republican Donald Trump was president, the United States exported 176 million barrels to China.
So know repubs are worried about the trade with China.
Gateway Pundit 
