[KittenClaws]

The National Strategic Petroleum Reserve is OUT OF OIL because brandon REFUSED to refill reservoirs.

“You can’t fight a WAR without OIL!”

—-

The strategic reserve only holds unrefined oil. We can produce whatever is needed..its refining capacity that is at issue.

I always roll my eyes when some President releases oil from the reserve to lower prices; it just does not work that way.

There are plenty of other issues to worry about besides the oil reserve.

[OldWarBaby]

Trump topped off the SPR with cheap oil. Mumbles sold it off hoping to keep the higher , later, prices down. He couldn’t find the money to re-fill at the later, higher prices. But watch: Trump will re-fill it as soon as the Drill Baby brings the price back down. Just to place a bet I’ll say 4 months?

[thinden]

Sorry to have caused you such worry

[stylin19a]

The National Strategic Petroleum Reserve is OUT OF OIL because brandon REFUSED to refill reservoirs.

Not quite. It fluctuates. right now it's below pre-Biden levels by about 40%.

By law, the oil has to be sold monthly. The amount has changed over time. Capacity is 713.5 million barrels,

They claimed this was a good deal(nevermind that the Pres. Trump buy @ about 25 bucks a barrel was not allowed) interesting here:
https://oilprice.com/Energy/Crude-Oil/US-Mandates-Biggest-Non-Emergency-Strategic-Oil-Selloff.html

Current law re: sell-off
The Bipartisan Budget Act of 2018 mandates the Secretary of Energy to draw down and sell from the SPR a total of 30 million barrels of crude oil between fiscal years 2022 and 2025; another 35 million barrels during fiscal year 2026; and additional 35 million barrels in fiscal year 2027. In addition, under a budget deal from 2015, the Secretary of Energy is authorized to draw down up to US$350 million worth of crude oil from the SPR in the 2018 fiscal year to use for modernization of the reserve. The budget deal also reduces the minimum required level in the reserve under which no drawdowns can be made, to 350 million barrels from 450 million barrels.

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserveClick on "5yr"

https://www.eia.gov/dnav/pet/PET_STOC_TYP_A_EPC0_SAS_MBBL_A.htm