Oil From Biden's Emergency SPR Release Is Heading For Europe
[ZeroHedge] It appears that somehow the definition of emergency now includes making a profit at the expense of American consumers because sooner or later a real emergency will hit and then it will be too late, while easing the true energy emergency over in Europe.
According to Matt Smith, oil analyst at commodity data firm Kpler, this is the first export of SPR crude since last November. Which means the oil was apportioned from Biden's shock SPR release.
One wonders what is behind Biden's decision to make US emergency SPR oil available across the Atlantic; one can only hope that it doesn't mean that in the coming midterms mail in ballots will also be made available to Europeans...
Posted by: Skidmark 2022-04-19 |