The American Petroleum Institute reports a significant drawdown in U.S. crude inventories, while product inventories, including gasoline and distillate, see a build, amidst fluctuating oil prices.
In order to to ensure that the lights stay on, the California legislature approved allocating up to $75 million to extend the life of the state's sole remaining nuclear plant and four natural gas powered plants, to the chagrin of environmentalists.
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