However, a report put out on Wednesday by Reuters explained how some of that oil ended up being exported to China and other foreign countries.
Oil released from reserve is being sent OUT OF THE COUNTRY “More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month” https://t.co/taKxO0r8Pp
— Tammy Bruce (@HeyTammyBruce) July 5, 2022
A total of 5 million barrels of oil were exported
As evidence, Reuters pointed to U.S. Customs data stating that the refiner Phillips 66 “shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy.”
What’s more, the piece stated that additional crude was “also headed to the Netherlands and to a Reliance (RELI.NS) refinery in India, an industry source said. A third cargo headed to China, another source said.”
In all, some 5 million barrels are said to have been sent overseas even as Americans are struggling with record fuel prices.
Revelations about oil being exported from the SPR came less than two weeks after the president demanded that gas satiations unilaterally drop their prices.
Biden blames gas stations for high prices
Biden: “My message is simple. To the companies running gas stations… bring down the price you are charging at the pump … Do it now. Do it today.” pic.twitter.com/rFoHfYJVI2
— Washington Free Beacon (@FreeBeacon) June 22, 2022
Townhall writer Katie Pavlich noted that for her part, White House press secretary Katherine Jean-Pierre offered little in the way of clarity when she was asked by Fox News correspondent Peter Doocy how Biden had gone “from blaming high gas prices on Putin, to big oil, to small business owners.”
“As of this morning, when you look at the crude oil, and when you look at wholesale oil prices as well, they’ve declined about 15%,” she said.
“And so retail gas prices, however, have only declined just about 3% over the same time period as we have seen with crude oil prices and the wholesale gas prices,” Jean-Pierre continued.
“Everyone along that production chain line needs to make sure they’re doing … their part in bringing down the cost for the American people,” she concluded.