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US to Buy 6 Million More Barrels of Oil for Emergency Reserve
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Leroy N. Soetoro
Jul 9, 2023, 6:25:24 PM7/9/23
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https://finance.yahoo.com/news/biden-purchase-6-million-more-
193527014.html
(Bloomberg) -- The Biden administration announced Friday it’s purchasing 6
million more barrels of crude oil for the Strategic Petroleum Reserve as
it continues to slowly refill the emergency stockpile.
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The purchases, scheduled for October and November, come as the nation’s
oil reserve is at its lowest point in 40 years following a historic 180
million barrel drawdown in the wake of Russia’s invasion of Ukraine, as
well as other releases mandated by Congress.
In all, the administration is expected to purchase a total of roughly 12
million barrels this year. The department purchased 3.2 million barrels of
oil for delivery in September at a price of about $71.98 per barrel, which
was lower than the average $95 a barrel the crude was sold for last year,
the Energy Department said.
The Energy Department said it will buy more oil for the reserve as market
conditions allow.
--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
193527014.html
(Bloomberg) -- The Biden administration announced Friday it’s purchasing 6
million more barrels of crude oil for the Strategic Petroleum Reserve as
it continues to slowly refill the emergency stockpile.
Most Read from Bloomberg
Wall Street Soothsayers Are Bewildered About What’s Next
Yellen Had Candid Five-Hour Meeting With China’s He, US Says
Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
CEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish Startup
Macron Is Trying to Get Back on the Right Side of History — and NATO
The purchases, scheduled for October and November, come as the nation’s
oil reserve is at its lowest point in 40 years following a historic 180
million barrel drawdown in the wake of Russia’s invasion of Ukraine, as
well as other releases mandated by Congress.
In all, the administration is expected to purchase a total of roughly 12
million barrels this year. The department purchased 3.2 million barrels of
oil for delivery in September at a price of about $71.98 per barrel, which
was lower than the average $95 a barrel the crude was sold for last year,
the Energy Department said.
The Energy Department said it will buy more oil for the reserve as market
conditions allow.
--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
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