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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“CNN confirms the Trump administration has completely drained the US Strategic Petroleum Reserve to its lowest level since 1983!

Washington's disastrous Iran war has left America entirely defenseless.

Cushing's massive pipelines are literally running dry”[/quote]

True, but it didn't help that the Biden Administration drained a third of the SPR because they didn't want a spike in gas prices in the run-up to the 2022 mid-terms.  I seem to recall hearing how brilliant it was to buy-low, sell-high as if that was the purpose of the SPR.[/quote]

Well Trump did not refill it when oil was cheap. So it’s Trump fault.[/quote]

Trump had been gradually refilling the SPR before he was stupid enough to start the war.

https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)#/media/File:US_Strategic_Petroleum_Reserve.webp

[/quote]
lol sure dude! Trump is the best! If only Trump had been president none of this would have happened. It is Biden and Obama’s fault and Carter. Trump is so smart. Wish he was president now.
[/quote]

Just because Trump's by far the worst President we've ever had, that doesn't absolve Biden's misuse of the SPR for political reasons.[/quote]

Biden's use of the SPR netted the country "a profit of about $3.5 billion."

How is this even up as a criticism?

https://www.reuters.com/business/energy/biden-administration-buys-last-oil-emergency-reserve-fund-taps-out-2024-11-08/[/quote]

The Biden Administration inherited a reserve with about 650 M barrels and left it with less than 400 M.  At a withdrawal rate of 4 M barrels per day, that's more than 50 days of strategic cushion that was wasted on the "profit".[/quote]

If Biden left it in such bad shape, then Trump shouldn't have started a war that would make it even worse.[/quote]

Why didn't Trump refill when the prices were low?[/quote]

Because of Biden! It’s Biden’s fault. [/quote]

Before Trump was stupid enough to get us into this mess, he was refilling the SPR, but it's not an instantaneous process.

From a Linkedin post from 2024, the "fastest 4-wk avg fill rate in SPR's history was 365 kb/d in June 2020"

https://www.linkedin.com/pulse/realities-refilling-us-strategic-petroleum-reserve-spr-hamilton-vcwre

[/quote]

Trump from Jan 20, 2025 to February 28, 2026 add 22 million barrels for a total of 415 million barrels in the SPR before releasing or 5% a year. If he had kept at that pace he would had 88 million barrels in four year. At current rate of release that is about 10 weeks supply. Trump did next to nothing in terms of adding to the SPR. Biden average 50 million barrels a year for a total of 200 million barrels.

Also the average price per barrel during that year and one month was 63.39 for West Texas Intermediate (WTI).

The Biden administration released approximately 260 million barrels of crude oil from the SPR and added about 200 million barrels back through strategic purchases. 60 million barrel difference. Trump has released 172 mb and add 22 mb. That is a different of 150 mb.

So I guess your point is Trump added 22 million barrels vs Biden adding 200 million barrels? So given how long the bar is for Trump and republicans Trump did better than Biden! I know math is maga hard.[/quote]

January 2021 - 638,086 
January 2025 - 395,064

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W
[/quote]

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