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The strategic oil reserve doesn’t protect us from being a net oil importer. It’s always going to be a tiny fraction of 1% of our existing supplies, and a small
by valuearb 7y ago
The strategic oil reserve doesn’t protect us from being a net oil importer. It’s always going to be a tiny fraction of 1% of our existing supplies, and a small percentage of our annual consumption.
It literally does nothing but subsidize US oil producers and mildly reduce price spikes for limited periods.