As the United States drains its Strategic Petroleum Reserve, China is stockpiling oil. They now have 1.14 billion barrels of oil in their reserves.
Oil Surges To $95 As China Crude Stockpiles Hits A Record 1.14 Billion Barrels https://t.co/OO8nIRJhmS
— zerohedge (@zerohedge) September 18, 2023
Oil is at $95 a barrel now and gas prices throughout the US and the West are skyrocketing. The dumping of oil from the SPR is no longer having an impact.
AMERiCA LAST: Our Strategic Petroleum Reserves have been pilfered and sold to China by the Biden regime. The US only has 46 days worth of oil reserves left and things are getting worse. pic.twitter.com/7Cp1d2vUHC
— @amuse (@amuse) September 12, 2023
This is a bad economic situation all around and it is only going to get worse. As I said in a previous article, we will likely see $10 gas in the US unless something drastic changes.
