US oil reserves near four-decade low ...News

President Joe Biden has eaten into America’s’ emergency stocks to bring down gas prices The US Strategic Petroleum Reserve is at its lowest level since 1984, according to recently-published figures from the Department of Energy. While Biden has relied on emptying the US’ reserves to bring down gas prices, his administration has no plans to replenish stocks until after next year. The US emptied 18 million barrels of crude oil from the reserve in August, leaving the current inventory standing at 450 million barrels as of Friday. The White House authorized the sale of 20 million barrels in late July, on top of the 12

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