The Strategic Petroleum Reserve has been used as a campaign credit card to buy down political risk for the midterms
- At the current rate, the U.S. is selling more oil out of its emergency reserves than the production of most medium-sized OPEC countries like Algeria or Angola
- We're selling twice as much per day than we're producing out of Alaska
- This puts us somewhere between Exxon and Conoco in terms of the impact we are having on the daily supply - and this is happening without new oil going into replace it
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