What do you expect from a corrupt duplicitous hack like Joe Biden?
Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch
A cargo of crude from the U.S. Strategic Petroleum Reserve departed a Texas port bound for Europe, a signal of increasing oil-market disarray as refiners shun Russian supplies and prices surge. The rare export of strategic U.S. barrels is evidence of the ever-widening search for crude to replace Russian cargoes seven weeks after President Vladimir Putin’s invasion of Ukraine triggered international revulsion and sanctions.
A tanker known as the Advantage Spring loaded low-sulfur crude originally pumped from the strategic reserve caverns in Southwest Louisiana at a port in Nederland, Texas earlier this month, according to a person familiar with the matter.
President Joe Biden, along with several allies, recently offered a portion of their strategic reserves for sale to help alleviate some of the supply pinch associated with the escalating war in Ukraine. TotalEnergies didn’t respond to a request for comment.
First he killed the golden goose of American energy production. Now, he's selling off the carcass for parts.
Article tags: fossil fuels, Joe Biden, Oil and Gas, Strategic Petroleum Reserve
FTR, the oil stored in the SPR has no way of reaching refineries outside of SE Texas and Coastal Louisiana. All the crude oil pipelines have been reversed to be incoming from the West and the North, including 1.2 million BPD Capline which once transported oil to the Chicago and Detroit areas from St. James, LA, which is connected to the only supertanker port in the lower 48 states, LOOP.. The major refineries in TX and LA have been configured for heavy and even very heavy crude oil (about like tar) for over 3 decades now. The SPR has been used recently to regulated market prices even by Trump.
One last tidbit, Hawaiian refineries get first shot at the SPR but cost to transport is cheaper from the Middle East,