Trivia Over 5 million barrels of US reserve oil were exported to Asia and Europe last month

More than 5 million barrels of oil from the US Strategic Petroleum Reserve were exported to Asia and Europe last month, Reuters first reported.

Among the shipments were two cargo ships carrying 560,000 barrels each from Atlantic Trading & Marketing, part of France's TotalEnergies, according to Reuters. And Phillips 66, the fourth-largest oil supplier in the US, sent about 470,000 barrels from a storage facility in Texas to Trieste, Italy, where a pipeline feeds refineries in central Europe.

The exports follow similar shipments of Strategic Petroleum Reserve crude in April, when three ships went to Europe to replace Russian oil.

Overall, US oil exports have been surging since Russia invaded Ukraine in February as Western countries and companies turn away from Russian supplies.

While gas prices typically follow oil prices, which are set by global markets, US refineries have been a key bottleneck. Because of earlier shutdowns and limited investment in recent years, capacity has shrunk and refineries have been running nearly at full tilt.

With little extra scope for refining more volumes of fuel, additional supplies of crude, including from the Strategic Petroleum Reserve, have been going overseas. In fact, oil exports from the US Gulf Coast hit a record rate in the second quarter, according to Rystad Energy.

The Biden administration has been releasing oil from the Strategic Petroleum Reserve to try to lower fuel prices. Releases are at a record pace of roughly 1 million barrels a day, bringing the stockpile to the lowest level since 1986 in June.

Early last month, the average gallon of gas in the US climbed to a record high of $5. Gas prices have been coming down for the past three weeks, though they remain elevated. And oil prices have fallen amid fears of a
recession
and the rising dollar.

"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," Matt Smith, a Kpler oil analyst, told Reuters.

 

[rodey_lyf]

naku naman mapagsamantala talaga, ang mura lang ng bili nila sa reserve nila tapos ngayon na mataas ang presyo saka nila samantalahin na ibenta, isanction ang oil ng RUssia para sila naman magbenta, grabe

US talaga, tapos print ng print ng US Dollar, inuubos ang resources ng mga bansa kapalit lang ng Dollar nila mula sa printeng press

 

[Away From Keyboard]

nakahalata na ako dito ke pareng beijing rodey. anti-US talaga ito.

 

[rodey_lyf]

nakahalata na ako dito ke pareng beijing rodey. anti-US talaga ito.

im just stating facts, if facts are anti US then so be it

i dont hate americans anyway, madami din ako gusto dun, like si drew barrymore, sya pinakaunang naging crush ko na artista haha

what i dont like that needed to be change is the hegemony of US Dollar

 

[Away From Keyboard]

im just stating facts, if facts are anti US then so be it

i dont hate americans anyway, madami din ako gusto dun, like si drew barrymore, sya pinakaunang naging crush ko na artista haha

what i dont like that needed to be change is the hegemony of US Dollar

hindi, anti us ka at pro-tsina. di mo lang alang beijing rodey.. puro mga artista reference mo, halata. ako my friends talaga na russian at americans.

 

[rodey_lyf]

hindi, anti us ka at ρrø-tsina. di mo lang alang beijing rodey.. puro mga artista reference mo, halata. ako my friends talaga na russian at americans.

mas gusto ko nga china made, mas affordable at abot kaya, halos lahat gamit bahay china made, gusto ko rin sana makarating mga russian goods dito

madami ka siguro facebook friends sa russia at america, sana bisitahin ka nila dito or ikaw punta dun

 

[plhbg1]

mura lang ng bili nila sa reserve nila tapos ngayon na mataas ang presyo saka nila samantalahin na ibenta

ganoon naman talaga ang purpose ng reserves

isanction ang oil ng RUssia para sila naman magbenta, grabe

sila lang naman ang di bumili, all other countries still have option to buy from russia

print ng print ng US Dollar, inuubos ang resources ng mga bansa kapalit lang ng Dollar nila mula sa printeng press

buti na lang hindi totoong nag print ng maraming pera ang US kasi pag nangyari iyon bagsak talaga currency nila, meron kasi idea na "why not print more money and get rich" at malamang dami pa din ganyan mindset

 

[rodey_lyf]

buti na lang hindi totoong nag print ng maraming pera ang US kasi pag nangyari iyon bagsak talaga currency nila, meron kasi idea na "why not print more money and get rich" at malamang dami pa din ganyan mindset

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply, not necessary na actual printed kasi digital naman na ngayon

sana nga hindi totoo pero nagprint sila ng around 6 trillion dollars for the past two years kaya ang total money supply na nila ng USD ay nasa around 20 trillion US dollars sa ngayon giving them the power to blackmail any country that goes against them

i hope alam mo ang ibig sabihin ng money supply

 

[plhbg1]

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply, not necessary na actual printed kasi digital naman na ngayon

sana nga hindi totoo pero nagprint sila ng around 6 trillion dollars for the past two years kaya ang total money supply na nila ng USD ay nasa around 20 trillion US dollars sa ngayon giving them the power to blackmail any country that goes against them

i hope alam mo ang ibig sabihin ng money supply

lol meron naman talaga deficiency of USD supply kasi kahit hindi US made yung things ay USD pa din ang presyo (sellers wanted to be ρáíd in USD) so as long as meron deficiency sa USD they can print more but not printing more to counter inflation or solve poverty or even get rich

as to blackmail, paano mo nasabing blackmail nga?

 

[rodey_lyf]

lol meron naman talaga deficiency of USD supply kasi kahit hindi US made yung things ay USD pa din ang presyo (sellers wanted to be ρáíd in USD) so as long as meron deficiency sa USD they can print more but not printing more to counter inflation

so tama ako na print lang sila ng print ng USD dahil nagbabase ako sa data, don't conclude agad na its not true, yung amount ng prinint nila for the past 3years ay halos kalahati ng buong money supply ng USD
in simple terms, tuwing issue or print nila ng USD, utang nila yun, baon na baon na sila sa utang, pero sige pa rin ng sige dahil sa hegemony ng USD

as to blackmail, paano mo nasabing blackmail nga?

of course hindi naman direct yan, but look at those countries who tried to stop using USD, iraq for example when they are planning to stop USD for oil, ayan na ang false flag about WMD that lead to US destroying iraq

 

[plhbg1]

don't conclude agad na its not true

ang it's not true ko ay printing in excess dahil babagsak ang USD, hindi yung regular printing as needed

baon na baon na sila sa utang, pero sige pa rin ng sige dahil sa hegemony ng USD

ang utang is sa government iyon but printing of currency is central bank iyan which is independent from the government, nag print lang si central bank dahil maraming sellers na gusto bayaran ng USD at wala din kontrol si central bank if gusto pa ring mag deficit spending si government, kaya kanya kanyang galaw iyan walang paki-alamay ang debt at printing

of course hindi naman direct yan, but look at those countries who tried to stop using USD, iraq for example when they are planning to stop USD for oil, ayan na ang false flag about WMD that lead to US destroying iraq

paano mo naman nasabing USD ban talaga ang dahilan ng WMD accusation?

 

[Away From Keyboard]

mas gusto ko nga china made, mas affordable at abot kaya, halos lahat gamit bahay china made, gusto ko rin sana makarating mga russian goods dito

madami ka siguro facebook friends sa russia at america, sana bisitahin ka nila dito or ikaw punta dun

halata na talaga ako sayo, halatang halata. super spy agent intelligence officer ka nang Tsina ministry of defence PH office.

 

[rodey_lyf]

ang it's not true ko ay printing in excess dahil babagsak ang USD, hindi yung regular printing as needed


ang utang is sa government iyon but printing of currency is central bank iyan which is independent from the government, nag print lang si central bank dahil maraming sellers na gusto bayaran ng USD at wala din kontrol si central bank if gusto pa ring mag deficit spending si government, kaya kanya kanyang galaw iyan walang paki-alamay ang debt at printing


paano mo naman nasabing USD ban talaga ang dahilan ng WMD accusation?

dahil alam ko talaga

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply, not necessary na actual printed kasi digital naman na ngayon

nagprint sila ng around 6 trillion dollars for the past two years kaya ang total money supply na nila ng USD ay nasa around 20 trillion US dollars which is equivalent sa total debt nila

ulitin ko, im not talking here about the actual printing,

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply

know what is money supply

in span of 3 years halos kalahati ng total money supply nila ang naprint

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply

equivalent yan sa total na utang nila

 

[plhbg1]

dahil alam ko talaga

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply, not necessary na actual printed kasi digital naman na ngayon

nagprint sila ng around 6 trillion dollars for the past two years kaya ang total money supply na nila ng USD ay nasa around 20 trillion US dollars which is equivalent sa total debt nila

ulitin ko, im not talking here about the actual printing,

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply

know what is money supply

in span of 3 years halos kalahati ng total money supply nila ang naprint

nagprint = ibig sabihin nag issue, naglabas, nagdagdag sa total money supply

equivalent yan sa total na utang nila

paano naging utang nila ang newly added monetary supply?

pagka-alam ko kaya sila meron utang kasi their taxes are not able to pay 100% of their government's operations

pagka-alam ko din ang pag inject ng additional money will just decrease the value of USD if excessive, di ko makita kung saan papasok si utang para maging related siya sa injection of additional money

 

[rodey_lyf]

paano naging utang nila ang newly added monetary supply?

pagka-alam ko kaya sila meron utang kasi their taxes are not able to pay 100% of their government's operations

pagka-alam ko din ang pag inject ng additional money will just decrease the value of USD if excessive, di ko makita kung saan papasok si utang para maging related siya sa injection of additional money

money is actually a debt instrument issued by the govt, kaya bawat dagdag nila equivalent din yun ng dagdag sa debt nila.
assets = liabilities + capital
kung magdagdag sila ng USD as asset automatic nadadadag din sa liabilities nila yun

kya kung tanung mo si US magkano na total money supply nila ngayon halos pareho yan ng total debt nila

 

[plhbg1]

kung magdagdag sila ng USD as asset automatic nadadadag din sa liabilities nila yun

i think hindi automatic
it's only if this newly created USD or shall we say debt instrument is not used to produce more goods/services then that is the time na they have lots of money chasing over few goods/services

ginagamit pa nga yung "debt instrument" to stimulate the economy eh, nagpapahiram ang banks ng pera para meron new investments

kaya di always masama ang pag inject ng money if nakaka stimulate ito ng economy

 

[rodey_lyf]

i think hindi automatic
it's only if this newly created USD or shall we say debt instrument is not used to produce more goods/services then that is the time na they have lots of money chasing over few goods/services

ginagamit pa nga yung "debt instrument" to stimulate the economy eh, nagpapahiram ang banks ng pera para meron new investments

kaya di always masama ang pag inject ng money if nakaka stimulate ito ng economy

yes tama naman yung point mo tools tlaga nila yan to control economy

im just making it simple kasi, ang point ko naman is any money they issue or print is backed by them, utang nila

eto simple meaning nya

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

ang problem ngayon masyado malaki nainject nila sa money supply for the past 3 years, kaya biglang lobo din ang US stocks at crypto last year dahil sa excess money

 

[plhbg1]

ang problem ngayon masyado malaki nainject nila sa money supply for the past 3 years, kaya biglang lobo din ang US stocks at crypto last year dahil sa excess money

kung excess nga bakit hindi rin nag excess ang inflation sa US to the point na halos wala ng value yung USD nila kasi the goods/services na mabibili nila is konti na lang dahil sa dami ng perang nag circulate (decreased currency value)

hanggang ngayon pumapalo pa din ang USD eh which means they still have more goods/services for spending the additional money injected

 

[rodey_lyf]

kung excess nga bakit hindi rin nag excess ang inflation sa US to the point na halos wala ng value yung USD nila kasi the goods/services na mabibili nila is konti na lang dahil sa dami ng perang nag circulate (decreased currency value)

hanggang ngayon pumapalo pa din ang USD eh which means they still have more goods/services for spending the additional money injected

dahil yan sa hegemony ng USD, since people keep believing its value, but if my prediction is right, will see its downfall starting next year or the year after

 

[Away From Keyboard]

dahil yan sa hegemony ng USD, since people keep believing its value, but if my prediction is right, will see its downfall starting next year or the year after

sirang plaka na yan beijing rodey, puro ka US gov money tinatalakay mo... isipin mo rin kung saan malakas kita nang US at ito ay nasa big tech nila.

yan palagi pinapalaganap sa FB nang mga troll farms, na lubog na sa utang ang US sa Tsina.