Six months after Iran war, America’s oil reserves drop to lowest levels since 1982 - KCRA
Six months after Iran war, America’s oil reserves drop to lowest levels since 1982 - KCRA
Source: KCRA
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DW NOTE
The Strategic Petroleum Reserve was established in 1975 to cushion supply shocks, not to finance them. Six months of drawing down emergency stocks while the Strait of Hormuz sits mined shut and 4.3 million barrels per day have vanished from global supply is not crisis management — it's a country burning through its insurance policy to avoid admitting it has no plan to reopen the waterway that moves 21% of the world's oil.