USA's oil stockpile (SPR) becoming seriously depleted.
As of mid-October, numbers from the Energy Information Administration [ EIA ] and the Strategic Petroleum Reserve [ SPR ] website show reserve oil levels of just around 405 million barrels or 57 percent of storage capacity, down from almost 580 million barrels in February [ 2022 ] before . . . [ Russia's ] invasion of Ukraine and more than 650 million at the height of the first coronavirus wave in the spring of 2020.
Statista adds that, prior to Biden's Presidency, the emergency powers of the SPR have been called upon only thrice since the SPR's creation in the 1970s.
Biden's releases of oil from the SPR drew a sharp rebuke from The Epoch Times.
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