US Oil Reserves Nearly Depleted
by Martin Armstrong, Armstrong Economics: The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White House began extracting oil from the emergency reserves to combat rising gas prices. […]
Source: https://www.sgtreport.com/2022/09/us-oil-reserves-nearly-depleted/
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