Let's talk about Biden sending gas overseas....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 13 July 2022
⏱️ 3 minutes
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United States
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| 0:00.0 | Well, howdy there internet people, it's bow again. So today we are going to talk about |
| 0:07.0 | gas, gasoline, and oil, and the Strategic Reserve, and Oil being sent overseas. |
| 0:14.4 | We're going to do this because I got a message from somebody who said that they're a |
| 0:20.3 | conservative who watches to see what the other side thinks and they're |
| 0:24.1 | wondering if Fox is lying to them because according to the message Fox said |
| 0:32.0 | that Biden sent over 5 million barrels of gasoline overseas |
| 0:38.6 | while prices were really high here. |
| 0:43.9 | He found this hard to believe because even though he views |
| 0:47.2 | Biden as |
| 0:49.5 | let's just say not smart. Nobody is nobody would do that. So my guess is the fox isn't lying. They are leaving things open to lead people to a false conclusion. |
| 1:09.1 | Did the Biden administration allow 5 million barrels of oil, not gas, to be sent overseas. Yes. |
| 1:17.0 | Now to the Strategic Reserve. Why? Because oil has to be refined. |
| 1:23.0 | The refineries in the United States are running at capacity. |
| 1:27.0 | Okay, I say that, I know somebody's going to say this. |
| 1:31.0 | They are running at effective capacity. They're running at |
| 1:33.0 | 95.4% or 94.5% something like that. |
| 1:36.8 | Theoretically, sure, they could find some way to squeeze out that extra couple |
| 1:42.0 | of percent but that's just normal |
| 1:45.9 | it's normal to not be able to run at full capacity all the time. |
| 1:50.1 | Okay. The Biden administration approved the release of 1 million barrels of oil per day. |
| 1:58.0 | So there's a backlog of oil that isn't getting processed. That was sent overseas because oil is a global market. If Saudi Arabia |
| 2:08.8 | sends oil to Germany it reduces the global oil price for crude oil. So in theory, it will bring |
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