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US government has returned all the oil it stored for companies when prices crashed last year

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The U.S. returned 18.3 million barrels of oil temporarily stored in the Strategic Petroleum Reserve by companies that rented space there last year.

The U.S. government returned 18.3 million barrels of oil to companies that had stored crude in the Strategic Petroleum Reserve when demand suddenly dried up a year ago.Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna.

On April 2, 2020, the Department of Energy said it would offer oil companies 30 million barrels of space.

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Remember when prices crashed and gas went up, because companies all of a sudden needed to do maintenance to refineries

So why are the gas prices still getting higher?

Wow they managed that with massive layoffs in the oil industry...guess a lot of workers aren’t going to be called back in...

Is this the oil that AngusTaylorMP purchased on our behalf? auspol

You mean stolen from Sea due to US Sanctions on third country

Wow, were they charged for that storage or was this just another freebee to the Petroleum industry?

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