[parmamenian]

Is the Strategic Oil Reserve near empty? I’ve thought Biden has probably been releasing oil from the reserve to keep prices artificially low.

[linMcHlp]

The United States became a total petroleum net exporter in 2020, but became a net importer in 2022. (EIA - Oil and petroleum products explained)

U.S. Strategic Petroleum Reserve Stocks:

U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2018	664,234	665,458	665,456	663,966	660,167	660,015	660,013	660,011	660,009	654,840	649,567	649,139
2019	649,139	649,126	649,126	648,588	644,818	644,818	644,818	644,818	644,818	641,153	634,967	634,967
2020	634,967	634,967	634,967	637,826	648,326	656,023	656,140	647,530	642,186	638,556	638,085	638,086
2021	638,085	637,773	637,774	633,428	627,585	621,304	621,302	621,302	617,768	610,646	601,467	593,682
2022	588,317	578,872	566,061	547,866	523,109	493,324	468,006	445,057	416,393	398,569	388,419	372,030
2023	371,579	371,579	371,175	363,723	354,366	347,158	347,454

Biden in office, latest: SPR 363,641,000 barrels

- - -
- - -

[DannyTN]