Most people on this board are very familiar with the drain on the SPR. Graph tells the story, scale has been changed to display a more dramatic effect. Still bad.
Stephen Moore @StephenMoore
Joe Biden plans to release 1 million barrels from the Strategic Petroleum Reserve to lower gas prices. The SPR is now down more than 100 million barrels. What happens if we have a real emergency (hurricane, terrorist attack, Arab oil embargo), not a White House emergency?
SPR Graph
SPR Graph
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Re: SPR Graph
They are selling off the Northeast gasoline reserves, that were established after hurricane Sandy caused serious fuel shortages in the Northeast. To hell with national security.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group