The Strategic Petroleum Reserve has been used as a campaign credit card to buy down political risk for the midterms
At the current rate, the U.S. is selling more oil out of its emergency reserves than the production of most medium-sized OPEC countries like Algeria or Angola
We're selling twice as much per day than we're producing out of Alaska
This puts us somewhere between Exxon and Conoco in terms of the impact we are having on the daily supply - and this is happening without new oil going into replace it
https://justthenews.com/government/federal-agencies/pres-us-oil-and-gas-association-says-reserve-being-used-campaign-credit
No comments:
Post a Comment