Forum Overview :: Rants :: Re: Here is the headline from Reuters, that far-right conspiracy site

[quote name="laudablepuss"][quote name="blackwater"]<a href="https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/">Oil from U.S. reserves sent overseas as gasoline prices stay high</a> The quick summary is that 1. There is a fixed amount of refining capacity in the US, and 2. Biden is releasing more oil from the Strategic Petroleum Reserve (SPR) than we can refine, so 3. Oil from the SPR is being sent to China (and other places overseas) Not included in this article, but also relevant: 4. Biden begged Saudi Arabia (and some other countries, in OPEC and not) to increase production, and got turned down. 5. New oil production in the US has been mostly shut down, partly by government policy (like the Keystone pipeline shutdown), but more by woke capital shutting down investment (and insurance) of new oil exploration and extraction. So, help for high prices is probably not coming, except possibly in the form of a recession damping down demand. 6. If we have an actual emergency, rather than a political one (November elections are looking disastrous for the Dems now), the SPR may very well be empty...[/quote] Hasn't this been debunked 50 times in the last twenty years? The global oil market is *global*. Also, who is exporting, according to the article? Philips 66 and Atlantic Trading and Marketing. In any event, this is at least normal politics/ economics. You know what's not normal? Trying to overturn a legitimate election. You live in a dream world where mean people tell awful lies about that great man, Donald Trump. Everything you say is from this demented perspective.[/quote]