US oil reserves running low – Bloomberg ...News

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US oil reserves running low – Bloomberg
source : Russia Today ( News ) () 37
The stockpile is forecast to dwindle to a 40-year low by October Washington has been actively selling from its Strategic Petroleum Reserve (SPR) over the past year to keep energy prices from rising even higher, Bloomberg reported on Friday, noting that the government can’t keep tapping the reserves forever. According to the report, over the past year almost 115 million barrels were released into the market. Those sales have soared to a record high of nearly one million barrels per day since mid-May. At the current rate, the United States is selling more barrels from its reserve than the production of most medium-s

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