U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

By News on the Net -- Bloomberg —— Bio and Archives November 19, 2021

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(Bloomberg) -- If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month. About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve -- a monthly record -- was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.-- More...