US oil reserves are now at their lowest level since 1985.

The decline of US reserves over the last 2 years is faster than any time in history, and it’s not even close.

Just last week, the US said they are delaying refilling reserves again due to “market conditions.”

Meanwhile, oil prices are now nearing a new 52 week high.

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Depleted the SPR to do damage control on inflation. Now the prices are past their target price to replenish and will continue to rise towards the ~100 $/barrel target of the OPEC. All while the treasury keeps the money printer going brrrr. That'll mean inflation goes up as prices rise, only this time they can't pull the same trick because they don't have the reserves.

Almost like treating the symptoms doesn't cure the illness