Birdwatch Note Rating
2023-01-18 17:46:49 UTC - HELPFUL
Rated by Participant: 4EB5192077E5BCC24043A3315921C226B8EFA95B1B346D7BD15F43A8617669D0
Participant Details
Original Note:
The SPR was established to reduce the impact of petroleum disruptions. https://www.energy.gov/ceser/strategic-petroleum-reserve; https://www.congress.gov/bill/94th-congress/senate-bill/622/text The Biden admin sold over 200 million barrels (~1/3 of the reserve) to lower gas prices in the short term. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m The only refill purchase announced is for a maximum of 3 million barrels. https://www.spr.doe.gov/posting/PURCHASE/FY23%20Winter%20Oil%20Purchase%203MMB/1-Request%20for%20Proposal/FY23%20Winter%20Oil%20Purchase%203MMB%20Request%20for%20Proposal.pdf
All Note Details