It will take several years for the United States to replenish its strategic oil reserve, which has become shallow due to commodity interventions. This was expressed by the country’s Secretary of Energy, Jennifer Granholm, in her speech to the budget sessions in Congress, Wrote RIA News.
According to him, the desire of the US administration to purchase fuel at a lower price than the oil sold, hinders the process of replenishing the volume of raw materials. Granholm noted that it will be difficult to find such low prices this year, but he expects prices to drop in the future.
“The goal is to get (oil) back. We were selling at an average of $94 a barrel, and we want to get it back under $72. We will do this in the coming years,” he said.
At the US Department of Energy in the second half of October 2022 reportedIt was reported that the strategic oil reserves in the country were reduced to 401.7 million barrels, the lowest level since 1984.
US President Joe Biden in the first half of March 2022 declaration Whether the country is ready for new commodity interventions to stabilize world oil prices.