Birdwatch Note Rating
2024-05-25 13:58:06 UTC - HELPFUL
Rated by Participant: C323314C3595F5E8F3DF7966B440416A9932DA6AC09665E5B3836D601E2E5C27
Participant Details
Original Note:
The mandate referenced above was canceled in 2022. The U.S. was mandated to sell 80.7 million barrels of the SPR from 2021 to 2023. Yet the Biden admin released 370 million barrels. Clearly, the mandate cannot be blamed for that. https://www.energy.gov/ceser/spr-quick-facts https://research.stlouisfed.org/publications/economic-synopses/2024/03/20/why-have-a-strategic-petroleum-reserve https://worldoil.com/news/2023/12/28/biden-administration-purchases-3-mmbbl-of-u-s-produced-oil-for-strategic-petroleum-reserve/
All Note Details