Is being sold at below market price to Europeans .
So much for being used for our energy security., and to keep the US going in case of war.
Instead it is being sold to keep worldwide oil prices down.. Which was never the intent of the Reserve in the first place, nor is it what it should be used for.
Especially not to be used to keep other countries oil prices down.
(OF course, at some point the buyers promise to “replace ” that oil in the future, but I doubt that ever happens).
Interesting that the International Energy Agency (IEA) is ‘coordinating’ this… Especially since NONE of the US players have said anything, nor has the administration.
Isn’t it though?