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Is the United States still tapping their strategic fuel reserves? Perhaps they are keeping gas costs low while other energy prices aren’t seeing any relief
by shusaku 4y ago
Is the United States still tapping their strategic fuel reserves? Perhaps they are keeping gas costs low while other energy prices aren’t seeing any relief
- dragonwriter 4y ago> Is the United States still tapping their strategic fuel reserves? No, in fact in December it started doing the opposite, buying oil to restock the SPR.
- paywallasinbeer 4y agoLooks like it was drained recently: https://www.bloomberg.com/news/articles/2023-02-13/us-to-sell-26-million-more-barrels-from-strategic-crude-reserve https://www.bloomberg.com/news/articles/2023-02-13/us-to-sel...
- leeroyjenkins11 4y agoBased on the state of the union, oil producers have been telling Biden they can't do new exploration due to the language of phasing out oil in 10 years. If anything oil is higher because the future markets are higher because of the oil hostility.