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5 Million Barrels of Oil Biden Released from Strategic Reserves in June Went to Foreign Countries, Not Americans

July 6, 2022

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President Joe Biden claims that his release of oil from the U.S. Strategic Petroleum Reserves (SPR) is helping reduce the price at the pump in America, but more than five million barrels of the oil released from the reserve went to foreign countries, Reuters reported Tuesday.

“More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices touched record highs,” Reuters reports.

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