U.S. Strategic Petroleum Reserve Falls To 35-Year Low as American crude heads overseas at a record pace

U.S. Strategic Petroleum Reserve Falls To 35-Year Low

According to the Institute of Energy Research, the SPR is expected to shrink to a 40-year low by the end of October, with inventories then at 358 million barrels, compared to 621 million barrels a year ago.

Related:

US oil exports to China and India jump as American crude heads overseas at a record pace

The only thing that climbed as high as gas prices earlier this year was the disapproval of US President Joe Biden 😂

Biden was wrongly blamed for rising gas prices. But he doesn’t deserve much credit for the drop

Biden steered America into conflict with Ukraine, Taiwan. Iran could be next.

by Trita Parsi

The last thing America needs right now is a three-front foreign crisis. Yet here we are.

Americans are tired, at odds with themselves and in no shape to handle more foreign entanglements — much less the three-front catastrophe looming before us. Yet here we are, with the U.S. potentially facing a drawn-out war in Ukraine that risks escalating into a direct U.S.-Russia confrontation, the collapse of the Iran nuclear deal that may lead to war with the Persian Gulf power and now an unnecessary crisis with Beijing over Taiwan, triggered by Nancy Pelosi’s ill-advised trip to Taipei.

Biden steered America into conflict with Ukraine, Taiwan. Iran could be next.

Moon of Alabama: In The Multipolar World Iran Will No Longer Fear US Sanctions

When U.S. president Joe Biden recently held a number of talks in the Middle East, Iran was one point on his agenda. The U.S. has made it clear that it does not want to reenter into the nuclear deal with Iran. It is instead again attempting a ‘maximum pressure’ strategy to pressure Iran into additional concessions.

In his book The Great Chessboard the former National Security Advisor of the United States Zbigniew Brzeziński wrote:

“Potentially, the most dangerous scenario [for America] would be a grand coalition of China, Russia, and perhaps Iran, an ‘anti-hegemonic’ coalition united not by ideology but by complementary grievances.”

Joe Biden has finally managed to create that.

In The Multipolar World Iran Will No Longer Fear US Sanctions