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| -Lurid Crime Tales- |
| Oil From Biden's Emergency SPR Release Is Heading For Europe |
| 2022-04-19 |
| [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 |
| #6 Thank you, dear Nero. I appreciate the effort — I hadn’t any idea where to start. |
| Posted by: trailing wife 2022-04-19 23:44 |
| #5 Had me scratching my head as well. Best guess: necklace plant -> tire factory 6B -> may be a heavy crude oil fraction, IOW input to tire manufacture |
| Posted by: Nero 2022-04-19 23:33 |
| #4 allocating 6B to help necklace plants stay operational. I have no idea what that means. Please translate? |
| Posted by: trailing wife 2022-04-19 22:40 |
| #3 The idiot’s administration is making a wise move in allocating 6B to help necklace plants stay operational. |
| Posted by: PaPa Cooky 2022-04-19 20:40 |
| #2 Oil is fungible. So the net effect of 1) sending oil to Europe, and 2) releasing oil from the SPR — or the other way round — gives rise to the shocking Zero Hedge headline. But I suspect the White House team has not made the connection between their two actions, as they aren’t nearly as intelligent as they fondly imagine. |
| Posted by: trailing wife 2022-04-19 13:59 |
| #1 Either the SPR will eventually run dry as a metaphor for this entire administration or they are continuously replenishing the supply and the releases are just empty and false gestures … which would be another metaphor for this administration. If they are discovered to be simultaneously filling and emptying the reserve, the administration will argue that the policy is effective in lowering gas prices. Brian Stelter will back them up, |
| Posted by: Super Hose 2022-04-19 12:29 |