© US Department of Energy
Zero Hedge: White House Delays Refill Of Strategic Oil Reserve, Balks At "Too Expensive" Offers
The Biden administration had no problems aggressively draining the SPR by 1mmb/d at market prices in the immediate aftermath of the Ukraine war, in hopes of lowering
the price of gasoline ahead of November's elections and avoiding an inflationary midterm rout. However, when it comes to refilling the SPR, now that US emergency inventories are down to the lowest level since November 1983 and not too far from an all time low which threatens the structural integrity of the salt caverns the oil is deposited in, the White House has "unexpectedly" gotten cold feet.
Read more ....
Update: After Depleting Oil Reserve, Biden’s Energy Department Refuses to Fill It Back Up (Sputnik)
WNU Editor: It was only 3 weeks ago that the White House and the main stream media were pushing this news story .... White House Begins Plan to Refill US Emergency Oil Reserves (Bloomberg). Now that the White House is having "cold feet", with the exception of Zero Hedge and a few bloggers, no one is covering this story.
Related Posts :
Defence Minister Nirmala Sitharaman On PMO Interference In Rafale Deal: Ask Congress What Was NAC Under Sonia Gandhi In UPA Regime- Soldiers’ ‘Josh’ Will Not Compensate Basic Military Deficiencies
- IDN TAKE: After Russia Now It Is America Surrendering To Afghan Taliban; Should India Worry ?
- SHOCKING: Mehbooba Mufti And Congress Sing Praises In Favour of Imran Khan While Mocking Indian Government
- Jaguar, IAF's Ground Attack Deep Penetration Strike Fighter To Roar At Vayushakti 2019