Energy Prospectus

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?

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.