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What ever happened to the Reagan Reserves? How come when oil or gas prices spike seems that is an off limit subject? He increase the SPR from 100m to 500m.
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Don_Dickle lemmy.world Patnou@lemmy.world
Joined: 2024-11-30
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ultranaut lemmy.world ultranaut@lemmy.world
Joined: 2023-06-15
#2 · Quote Reply

The US still maintains oil reserves and has been releasing oil to try to slow down the rise in prices over the past few months. You can find news articles about this, its just kind of boring and doesn't really have a huge impact so only really gets brought up when Republicans can use it to complain about Democratic policies. Since the oil price spike is a direct consequence of Republican policies the releases from the reserves isn't a big topic for the media.

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Don_Dickle Moderator Patnou@lemmy.world
Joined: 2024-11-30
#3 · Quote Reply

The US still maintains oil reserves and has been releasing oil to try to slow down the rise in prices over the past few months. You can find news articles about this, its just kind of boring and doesn't really have a huge impact so only really gets brought up when Republicans can use it to complain about Democratic policies. Since the oil price spike is a direct consequence of Republican polici...

Do you happen to have a link or something to back this claim up?

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ultranaut lemmy.world ultranaut@lemmy.world
Joined: 2023-06-15
#4 · Quote Reply

Do you happen to have a link or something to back this claim up?

News coverage is an ongoing regular thing: https://news.google.com/search?for=us+strategic+oil+reserve&hl=en-US&gl=US&ceid=US%3Aen

Its mostly oil industry media covering it normally but whenever there's significant activity you will see more traditional media sources reporting on it. Its generally just the business/investor types who care and pay attention to it so news media targeting them is usually where you find coverage beyond the oil industry specific sources. If you read The Economist for example, anything significant with the oil reserve will be in there.

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