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Refilling the Strategic Petroleum Reserve offers chance to recalibrate its size

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  • Garrett Golding

Abstract

A series of emergency drawdowns, exchanges and planned sales since 2020 have reduced crude oil inventories held by the U.S. Strategic Petroleum Reserve to a 40-year low. Calls to fully refill the SPR in recent months raise important questions.

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Handle: RePEc:fip:d00001:97052
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File URL: https://www.dallasfed.org/research/economics/2023/1003
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