As Gas Prices Soar Biden Sent 5M Barrels of Oil from US Strategic Petroleum Reserves to China (other places) at No Cost. Dems Use the Jan 6th Unarmed, HonkeyKong Misdemeanor Insurrection to Distract

OVER PLAYING THEIR HAND. How many neuropeons were armed?? Nearly all charged with misdemeanors, such as trespass or disorderly. [MORE] One person died inside the Capitol on Jan. 6, 2021 — Air Force veteran Ashli Babbitt. Despite being unarmed and presenting no physical threat to anyone, she was shot dead by Capitol Police Lt. Michael Byrd. Fake news reports claimed that Capitol Police Officer Brian Sicknick was killed by rioters wielding a fire extinguisher. However, as George Parry reported at TheAmerican Spectator, Sicknick died on Jan. 7 of a stroke. The medical examiner found no evidence of physical trauma. Kevin Greeson, Benjamin Phillips, and Roseanne Boyland were all protesters who died outside of the Capitol building pursuant to ongoing health issues. [MORE]

From [HERE] More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.

The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.

About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.

"The SPR remains a critical energy security tool to address global crude oil supply disruptions," a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil.

The fourth-largest U.S. oil refiner, Phillips 66 (PSX.N), shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.

Atlantic Trading & Marketing (ATMI), an arm of French oil major TotalEnergies (TTEF.PA), exported 2 cargoes of 560,000 barrels each, the data showed.

Phillips 66 declined to comment on trading activity. ATMI did not respond to a request for comment.

Cargoes of SPR crude were 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.

At least one cargo of crude from the West Hackberry SPR site in Louisiana was set to be exported in July, a shipping source added.

"Crude and fuel prices would likely be higher if (the SPR releases) hadn't happened, but at the same time, it isn't really having the effect that was assumed," said Matt Smith, lead oil analyst at Kpler.

The latest exports follow three vessels that carried SPR crude to Europe in April helping replace Russian crude supplies. read more

U.S. crude inventories are the lowest since 2004 as refineries run near peak levels. Refineries in the U.S. Gulf coast were at 97.9% utilization, the most in three and a half years.