This is an inexplicable policy. While the administration hampers drilling and transportation of oil and gas at every turn, it is also draining the SPR as no other administration has ever done.
Why are we willingly putting ourselves in a potentially hazardous situation? We’ve now drained over 45% of the SPR
“Davidson” submits:
- US Total Crude Inv rises 6mil BBL(+7.9mil working & -1.9mil SPR) US Crude Prod holds 12,4mil BBL/Day, US Crude Imports decline 0.8 mil BBL/Day, Fudge factor jumps from 0.0 to +1.9ml BBL/Day(13.56mil BBL/Week)
- US Gasoline Inv rises 2mil BBL, Diesel and Jet Fuel Inv holding within recent ranges, Refinery Inputs unchanged as are exports
No surprises including the continued reduction in SPR(some outlets reported a gain in SPR that is not supported by this report).
