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Reply to "Strategic Petroleum Reserve"
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[quote=Anonymous]What a non issue. In 2015 congress mandated sales from the reserve, it was built up as a hedge against imports. The oil production boom that started under Obama changed the math. What has changed in the last 15 years? The answer is the US crude oil production has increased from about 5M to 13M barrels a day. This has reduced imports significantly, in fact the US is now a net exporter of petroleum, to the tune of 1.64M barrels a day in 2023! The reserve doesn’t serve the purpose it once did, and there is an argument that it is currently too full based on the import hedge it was designed for.[/quote]
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