Birdwatch Note Rating
2023-01-14 02:15:19 UTC - HELPFUL
Rated by Participant: EE41D9E27999CDEE7989E853F4BF368E664BE41FE9AC5A570FE9551AF6C75CE3
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