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The US Continues To Export Record Levels of Oil Reserves Despite Record High Gas Prices

[contentcards url=”https://www.thegatewaypundit.com/2022/07/us-continues-export-record-levels-oil-reserves-despite-record-high-gas-prices/” target=”_blank”]

by Michael Robison


The historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices led to more than 5 million barrels of oil being exported to Europe and Asia last month, despite record-high gas and diesel prices.

The news of the export to other nations was reported by Reuters a week ago and raised concern over the continued mismanagement of resources by the Biden Administration. 

Oil exports from the U.S to reach an all-time high of 3.3m b/d in the current quarter as refinery disruptions and Strategic Petroleum Reserve releases increase available supplies, Rystad Energy says


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