US Taps Oil Reserves, Boosts Local Production
Santa Fe News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. and allies release 400 million barrels from strategic reserves to ease supply worries after Strait of Hormuz attacks. Oil prices surge past $100 a barrel, with no immediate relief in sight. New Mexico, a major oil producer, benefits from increased output and state budget. U.S. plans to refill half reserves once prices drop, potentially in months.
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