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U.S. Energy Secretary: Releasing Strategic Petroleum Reserve Is Partially to Ensure Short-Term Oil Supply in Asia
U.S. Energy Secretary Granholm stated that releasing reserve oil is partly to ensure short-term oil supply in Asia. Currently, the United States has a storage capacity of 415 million barrels of oil. Despite the plan to release reserves, the U.S. still plans to increase the number of barrels in its strategic reserves over the next year. (Cailian Press)