Source: New York Post
WASHINGTON — The Strategic Petroleum Reserve is at its lowest level since the 1980s after tens of millions of barrels of oil were drained from it in response to the conflicts in Ukraine and Iran, a government watchdog found. Additionally, the nation’s emergency energy stockpile’s operational ability is at risk due to aging infrastructure that hasn’t been replaced, per the US Government Accountability Office. The GAO report, which was publicly released Friday, had raised a number of red flags about the reserve, which has been tapped repeatedly in recent decades as gas prices have soared and Congress mandated sales to pay for billions of dollars in needed maintenance.
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