“U.S. oil reserves near 40-year low”

Diogenes said:
iu
Click to expand...
He produced them as asked lie bag


And you glazed right past those facts because your an idiot who thinks evil ideas like racism is great


Facts make you shiver


They should

Your whole world view is about to only have the sewers to dwell in
 
WASHINGTON, D.C.—The U.S. Department of Energy today announced that 200 million barrels of crude oil have been delivered, contracted at a good deal for taxpayers, an average price of $74.75. following the closure of the most recent solicitation to acquire 2.4 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This aggressive buyback strategy has resulted in the purchase of 20 million barrels more than the 180 million barrels sold under the emergency declaration authorized by President Biden in 2022 following the unpreceded Russian invasion of Ukraine.

To date, DOE has directly purchased 59 million barrels of oil for the SPR at an average price of under $76 per barrel. This is about $20 per barrel lower than the $95 average sales price for 2022’s emergency sales. In addition, DOE secured 140 million barrels by working with Congress to cancel mandated sales between FY24 and FY26, at approximately $74 a barrel. Together, this brings the total oil purchased or retained in the Strategic Petroleum Reserve (SPR) since 2022 to nearly 200 million barrels.
 
evince said:
www.energy.gov

Biden-Harris Administration Makes Final Purchase for the Strategic Petroleum Reserve - Secures 200 Million Barrels at a Good Deal for the American Taxpayer

The New Purchase of 2.4 Million Barrels Closes Out the Emergency Revenues from the Biden-Harris Administration’s Emergency Sales in 2022 that Calmed Global Markets and Protected American Businesses and Consumers with a Reliable Supply of Fuel.
www.energy.gov www.energy.gov
Click to expand...
WASHINGTON, D.C.—The U.S. Department of Energy today announced that 200 million barrels of crude oil have been delivered, contracted at a good deal for taxpayers, an average price of $74.75. following the closure of the most recent solicitationto acquire 2.4 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This aggressive buyback strategy has resulted in the purchase of 20 million barrels more than the 180 million barrels sold under the emergency declaration authorized by President Biden in 2022 following the unpreceded Russian invasion of Ukraine.

To date, DOE has directly purchased 59 million barrels of oil for the SPR at an average price of under $76 per barrel. This is about $20 per barrel lower than the $95 average sales price for 2022’s emergency sales. In addition, DOE secured 140 million barrels by working with Congress to cancel mandated sales between FY24 and FY26, at approximately $74 a barrel. Together, this brings the total oil purchased or retained in the Strategic Petroleum Reserve (SPR) since 2022 to nearly 200 million barrels.

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This is how you back your claims


Try it some time you evil violent racist cult member
 
Following the 2022 Russian invasion of Ukraine, the Biden administration executed an unprecedented emergency release of 180 million barrels to suppress surging global fuel prices.

This was compounded by non-discretionary, Congressionally mandated sales designed to generate federal revenue, bottoming the reserve out at a four-decade low of 347 million barrels in mid-2023.

These statements are verified by raw empirical data.
www.bbc.com

Biden orders 'unprecedented' release of oil reserves

The move will add 1m barrels a day to global markets - the largest release of oil reserves in US history.
www.bbc.com www.bbc.com
oilandenergyonline.com

Refilling the SPR – A Matter of Numbers, and Decades | O&E Online

In March 2022, as fuel prices spiked, the Biden Administration announced their decision to sell off 180 million barrels of crude oil from the Strategic Petroleum Reserves (SPR).
oilandenergyonline.com oilandenergyonline.com
 
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