Strategic Oil Reserve Strained by Overuse

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“The U.S. is tapping in to its national stocks of crude with abandon. The withdrawals are taking a toll on the strategic reserve system,” the Wall Street Journal reports.“Just in the past four years, the Biden and Trump administrations have ordered the largest releases from the Strategic Petroleum Reserve while seeking to tamp down soaring oil prices—a total of 352 million barrels, or nearly half the capacity of the stocks.”“Now, frequent drawdowns, wear-and-tear and a lack of investments are straining the reserve.”