Yhn EnvironmentEnergy first seen 1 d ago, last 1 min ago, peak #2
US Strategic Petroleum Reserve Falls to Lowest Level Since 1982
Original: U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982
The U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1982, according to an Oilprice report drawing attention on Hacker News. The depletion largely reflects the emergency releases ordered by the Biden administration in 2022 to temper gasoline prices after Russia's invasion of Ukraine, and it raises questions about how quickly and at what cost the reserve can be refilled amid volatile oil markets.
Why now: The reserve's historic depletion highlights concerns about U.S. energy security and the politics of refilling it.
U.S. Strategic Petroleum ReserveUnited StatesOilprice.com
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Evidence
- U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982 · thelastgallon · 180
API: https://socialmediatrends-api.osmike.com/v1/trends/308420