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Javier Blas: The US Needs to Refill its Dangerously Low Oil Reserves

The government has let its crude stockpiles fall to levels that leave it exposed to any interruption in global supplies. Henry Kissinger called it “the economic equivalent of the Sputnik challenge.” Exactly 50 years ago today, the US found itself under economic assault after Arab nations weaponized oil, starting a petroleum embargo that

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Posted: October 17, 2023 Tuesday