“Every additional barrel of oil stored in the U.S. is a barrel that does not need to be imported, ultimately freeing up barrels to move to Europe,” Lawrence Eagles, head of oil research for JPMorgan Chase & Co (JPM) in New York, said in an e-mail. “It worked very effectively after Hurricane Katrina in 2005 and should do so this time around,” said Eagles, who headed the IEA’s oil markets team during an earlier release.Mike from East Texas said he would like to know where the released oil from the reserves was going.
He was betting it was going to foreign countries that can refine only "sweet crude."
I'm betting it's to the highest contributor to the Obama Regime, and that may very well be a foreign country, a trader, a bank, or a hedge fund. Maybe a refinery, but I doubt it.
Don't forget that Soros is out there too.
These may be one and the same in our corrupt system today.
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