Happy Monday! Welcome back to another week of ESC News Blog.
You know we like to keep up with
the happenings at the Department of Energy and especially the U.S. Strategic
Petroleum Reserve (SPR). We have been
blogging on the U.S. SPR, and how they were making five rounds of deals
for their Emergency Exchange Program, after trying to refill it the last couple
years, and made it to around 415 million barrels. Well, looks like the SPR has made a
new low in over forty years.
Did anyone
happen to read MSN on August 10, 2026, they had an article from The
Independent titled, “US oil reserve just hit a low not seen since 1983”? In the article, it speaks on how the U.S. Strategic Petroleum Reserve has lowered to a level not seen in over forty
years, 1983. The SPR new level is
298.7 million barrels with more to be released as to the agreements made for
the Emergency Exchange Program since early in the year. The release was due to the request from the
countries belonging to the International Energy Agency to stabilize prices,
after the start of the U.S. Israel’s military action against Iran. According to the article’s sources the SPR
may reduce to 70 million barrels and still function properly, nonetheless part
of the reserve’s oil is unavailable due to unforeseen circumstances or scheduled
maintenance. Well, if we hear anything
else on the U.S. SPR, we will let you know. If you would like to read more of the article
from The Independent published on MSN, please click the link: US oil reserve just hit a low not seen since 1983.
Don’t forget
to check out our ESC website or
contact us via the email in the Blog, if you have a hydrocarbon liquids
project you would like to see get off the ground or you would like to see
what’s under your feet to help with your emissions!
We hope you have a wonderful evening! Keep dry!
**Disclaimer: You may be charged a
fee to read the article on MSN. **