Bipartisan Texas Bill Targets Oil Reserve As Stockpile Hits 44-Year Low
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9 Articles
Last week, according to data from the United States Department of Energy, the stock of crude oil in the United States strategic reserve declined to its lowest level since November 1982.
The Dallas Express News
wbap.comBipartisan Texas Bill Targets Oil Reserve As Stockpile Hits 44-Year Low
Two Texas lawmakers are seeking a comprehensive review of the nation’s aging Strategic Petroleum Reserve as the emergency oil stockpile sits at its lowest level since the early 1980s. Rep. Lizzie Fletcher, a Houston Democrat, and Rep. August Pfluger, a San Angelo Republican whose district includes much of the Permian Basin, introduced the 21st Century Strategic Petroleum Reserve Act on September 3. The bipartisan bill would direct the U.S. Secre…
According to today's Tuesday data from the Department of Energy, crude oil stocks in the United States strategic reserve declined last week to the lowest level since November 1982. Data showed that the strategic reserve fell by 1.2 million barrels to 285.4 million barrels during the week ending 4 September, the lowest level of total government stocks since November 1982.
The US strategic oil reserve (REP) at the end of the week ending September 4 reached a new minimum since November 1982, falling to 285.4 million barrels, show data from the country's Department of Energy.
The US, which continues to use its Strategic Petroleum Reserve to mitigate the impact of global oil supply disruptions on fuel prices, has seen its emergency oil stocks reach their lowest level since November 1982.
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