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Keyword: 37yearlow

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  • US oil reserves fall to 37-year low as Biden continues to export America’s oil to China

    08/31/2022 7:40:44 PM PDT · by bitt · 26 replies
    Treason.news/ ^ | 8/31/2022 | ARSENIO TOLEDO
    The United States’ strategic oil reserves fell to a 37-year low as President Joe Biden continues to release millions of barrels of oil and put them up for sale, with most going overseas. According to the latest report from the Department of Energy, the U.S. Strategic Petroleum Reserve (SPR) fell to 453.1 million barrels as of Aug. 19. This is the lowest level the SPR has been since Jan. 1985. Stockpiles have fallen by more than 180 million barrels this year as the Biden administration ordered the release of record amounts of crude oil, supposedly to cool sky-high inflation and...