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02:20 PM
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U.S. Strategic Petroleum Reserve Drops to Lowest Level Since 1987
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[quote:Justsayno:MV81MTM3MTgwXzk0MjkwNzk0XzIxQjYyMTVD] The scarier part is they are shutting down the oil fields and denying any new drilling, and there is no viable replacement for energy, for probably 20 more years even if it is some form of nuclear energy They are turning the lights off on the USA [/quote]
Original Message
The amount of crude oil in the U.S. Strategic Petroleum Reserve (SPR) dropped by 5 million barrels in the week to May 13, data from the U.S. Department of Energy showed.
Winners of the latest round of sales from the SPR include Valero Energy Corp, Motiva, Exxon Mobil, Shell, Phillips and Marathon Petroleum Corp.
At least three vessels carrying crude oil from U.S. emergency stockpiles sailed for Europe in April as refiners there scrambled to replace Russian crude supplies, according to U.S. Customs data, ship tracking, and an industry source.
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