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sci / sci.geo.petroleum / Re: 'Special Report' spotlights energy matters: China adds massive amounts to oil inventories

SubjectAuthor
o Re: 'Special Report' spotlights energy matters: China adds massive amounts to oiGovernor Swill

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Subject: Re: 'Special Report' spotlights energy matters: China adds massive amounts to oil inventories
From: Governor Swill
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Date: Sat, 25 Nov 2023 22:21 UTC
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From: governor.swill@gmail.com (Governor Swill)
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Subject: Re: 'Special Report' spotlights energy matters: China adds massive amounts to oil inventories
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On Sat, 25 Nov 2023 07:23:31 +0100 (CET), China Joe <china.joe.treason@nytimes.com> wrote:

>On 24 Nov 2023, Fat Old Gasbag from Queens <patriot1@protonmail.com>
>posted some news:ujrnbo$2ln8g$8@dont-email.me:
>
>> Biden, Harris and the Obama retreads they brought in should all be
>> stood up against the Whitehouse fence and executed.
>
>China stockpiles grow as US strategic reserve sits at lowest level since
>the 1980s
>
>The Energy Department is asking for bid prices to add around 3 million
>barrels to the strategic petroleum reserve. Administration officials say
>the additional oil will begin to be added in January. It’s just a drop
>in the bucket compared to the nearly 300 million barrels President Biden
>has released since he took office. While the U.S. stockpile was
>declining, China was adding to its reserves.

That's because China sells fuel at below cost.

Swill
--
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