- “The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day rate for this length of time,” the White House bragged. “This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up.”
“Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 538 million barrels, the lowest since 1987.”
- Meanwhile the Biden administration gas been canceling oil and gas leases, including the potential to drill for oil in over one million acres in the Cook Inlet in Alaska.