When draws from the SPR are included, U.S. PETROLEUM INVENTORIES fell by -16 million bbl in the week to September 30. There were reductions in crude (-8 million), gasoline (-5 million), distillate fuel oil (-3 million) and jet fuel (-1 million). Total inventories have depleted by -480 million bbl since the start of July 2020 and are now at the lowest seasonal level since 2004.
Elections matter: Team Biden's War on Fossil Fuels has created a national security risk. If America does not move to a "Common Sense Energy Policy" soon, our economy and standard of living are in danger.
Watch what is unfolding in Europe and you will get an idea of where our standard of living will be by the end of Biden's first term.
U.S. Petroleum Inventories are "Dangerously Low" - Oct 6
U.S. Petroleum Inventories are "Dangerously Low" - Oct 6
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: U.S. Petroleum Inventories are "Dangerously Low" - Oct 6
The SPR is getting dangerously low too!