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Kamala Harris allies prepare her defense
by Cat on Fri Jul 19th, 2024 at 07:14:45 PM EST
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Biden administration replenishes strategic oil reserve

The Biden administration says it has replenished the 180 million [?] barrels of oil it withdrew from the nation's Strategic Petroleum Reserve in response to high prices following Russia's invasion of Ukraine.
U.S. Ending Stocks of Crude Oil in SPR (bbl 000s)
638,085 Jan 2021
588,317 Jan 2022 -049,468
371,579 Jan 2023 -216,738
358,013 Jan 2024 -013,566 (-280,536)
366,917 Apr 2024 +008,904
[...]
The Energy Department on Friday announced a 4.65 million barrel purchase, bringing the total purchased since the 2022 drawdown up to more than 40 million barrels. In addition, the administration has worked with Congress to cancel 140 million barrels in planned sales—accounting for the rest of the 180 million.
[...]
The department said that the 43.25 million barrels it purchased were procured at an average price of $77 per barrel, while the oil it sold in 2022 averaged $95 [?!] per barrel.
by Cat on Tue Jul 30th, 2024 at 02:31:04 AM EST
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