RE:OMG - It Can't be True!! big tech google, twitter and FB have been filtering, banning account, and deleting info that contain dirt about the hunter biden and joe biden from laptop leaks. China has been buying SPR oil since 2017. This recent spr release are sold to US refiners like exxon-mobil (chevron, valero also involved in previous spr oil sale) and then re-sold to EU and asian market thru various channels.
U.S. OKs 2,700,000 bbls of crude oil from SPR to ExxonMobil -statement | Reuters
spr oil release does almost nothing to reduce pump prices because US refiners are at their max. It's all dog and pony shows for the general public, and easy middle man cut for insiders. That's why we see net build in crude inventory but net draw for gasoline and distillates
Meanwhile, biden appoints an useless energy secretary that overlook all these shenanigans and think this energy crises is too funny.
Experienced wrote: Soooo.....we have learned that the Biden Administration sold oil from the SPR to China through Sinopec, a Chinese company with strong ties to the Chinese leadership. This is pretty bad and begs the question - "How does selling oil from the SPR to a Chinese company help to lower US gasoline prices?"
What the press isn't telling you is that a significant shareholder in Sinopec is a firm called BHR which a number of years ago bought bought a $1.7 billion stake in Sinopec (yep you got it - $1.7 billion). But the big secret is that the current listed owner of BHR is non other than the infamous Hunter Biden, the President's son.
The level of corruption going on is nothing short of mind bogling IMHO and yet, if you watch CNN or MSNBC there is nary a whisper about any of this and so most of the people in the US have no clue about any of this.
So while, the press talks about climate change and what the Biden Administration is doing about it, not a word is spoken about the millions they are pocketing in the meantime at the expense of "hard working Americans". Such a shame IMHO.