The emergency stockpile is currently at its lowest level since 1983 The repeated release of crude oil from the US Strategic Petroleum Reserve (SPR) by the Biden administration has left the national stockpile at its lowest in more than 30 years, according to US Oil and Gas Association President Tim Stewart. In an interview with Fox News on Sunday about the Biden administration’s approach to domestic energy policy, Stewart said the White House had sold off more than 40% of the SPR (180 million barrels) during 2022 in an effort to tame rising fuel prices. “Originally, the strategic petroleum reserve was designed to a
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