With crude inventory in the SPR down to its lowest level since Ronald Reagan’s first term, President of the U.S. Oil and Gas Association Tim Stewart said the reserve is being used by Biden to “buy down political risk” ahead of the midterm elections.
With crude inventory in the SPR down to its lowest level since Ronald Reagan’s first term, President of the U.S. Oil and Gas Association Tim Stewart said the reserve is being used by Biden to “buy down political risk” ahead of the midterm elections.