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Americans are treating strategic reserves like painkillers; once the pain is gone, the medicine is finished. What if it hurts again next time?
After the release, the U.S. emergency crude oil reserves will drop to about 340 million barrels, close to the lowest in history, and if fully released, it would be the second-largest in history, with remaining about 243 million barrels, only about one-third of the statutory capacity.
The continuous decline in reserves will reduce flexibility in responding to future supply disruptions.
A spokesperson from the Department of Energy stated that the government is managing the reserves according to their intended purpose, aiming to stabilize the market, prevent supply interruptions, and enhance energy security.