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US Strategic Petroleum Reserve Will Not Be Replenished Anytime Soon

From ZeroHedge

Authored by Tsvetana Paraskova via OilPrice.com, The U.S. Administration will refill the Strategic Petroleum Reserve (SPR), which saw millions of barrels of drawdowns last year, but the reserve will not be filled up soon, U.S. Secretary of Energy Jennifer Granholm told CNN in an interview this week.   […]

Jul 13th 2023 12:50pm EDT

Source Link: https://www.zerohedge.com/energy/us-strategic-petroleum-reserve-will-not-be-replenished-anytime-soon

Internet Archive Link: https://web.archive.org/web/20230713172124/https://www.zerohedge.com/energy/us-strategic-petroleum-reserve-will-not-be-replenished-anytime-soon

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Undisciplined 2y ago

Maybe we can just abolish the SPR and let markets allocate resources, instead of whichever octogenarian happens to be in power.

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