Originally published at: US Strategic Petroleum Reserve at Lowest Level in 40 Years | Infostormer.com
The US Strategic Petroleum Reserve is now at its lowest level since the early 1980s. We are seeing the largest decline ever.
NEW – U.S. Strategic Petroleum Reserve has been drained for the 60th consecutive week to its lowest level in nearly 40 years.
This year's 33% decline is the largest on record.
— Disclose.tv (@disclosetv) November 7, 2022
The Brandon regime has been dumping oil from this emergency reserve to keep a lid on the oil price before the midterms.
This policy has only been moderately successful. They won’t be able to do this forever. In fact, they will probably end dumping oil after the midterms.
Remember this clip when gas prices explode after the midterm elections when Biden stops using the Strategic Petroleum Reserve https://t.co/TwZspxZcMh
— Ryan Saavedra (@RealSaavedra) November 7, 2022
The end result is going to be much higher energy prices. I still think we will see $10 gas in California. We will see if I’m right.