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clashmoore | 4 years ago

When I look at the SPR levels at https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W... it doesn't show an increase of 77M barrels. From March 2020 to the end of President Trump's term is shows an increase of about 3m barrels.

Where can we find the information of the 77M?

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iav|4 years ago

That's probably because previous Congressional acts mandated regular sales from the SPR as evidenced here https://www.eia.gov/todayinenergy/detail.php?id=35032

Not to mention the 10M barrels we sold just to pay for the upkeep (it's like selling gas from my car to pay for new brakes - we shouldn't be bartering oil for maintenance expenses).

But a trade is a trade - had they not bought the 77M the SPR would have dropped by 74M rather than the increase of 3M.