That's like 2.5 days of world oil consumption.

If it's truly THAT difficult for the USA to replace (I'm talking over, say, a year or so), we've got a lot bigger problems.

sold out of the reserve was sold at a high price and was replaced with oil at a low price, as we know the price has dropped consideraly?

Is this story just Murdock's right wing publications trying to make biden look bad?

The Murdock Mafia have to keep stirring their shit-pots, or they won't have anything to sell.

Imagine what they would say if a Democratic president threw paper towels at disaster victims.

FOX is a pox.

Sun Jan 8, 2023: U.S. Department of Energy rejects initial bids to resupply oil stockpile

the right deal to come along.

I went out shopping over the weekend. I saw something that looked interesting, but on closer examination, it turned into a case of "close, but no cigar." I'm keeping my powder dry until I see the item that pushes the "this is the one" button.

Thanks for writing.

Gee Dubya overfilled it when oil prices were over $100/bbl, probably because the PNAC wanted war over the entire Middle East. It had stayed overfilled until Russia invaded Ukraine and prices started to go up to those levels again.

Here's a fact sheet on prior releases and sales: https://www.energy.gov/ceser/spr-quick-facts

I couldn't find the list of "historic highs," but "historic lows" means it is still at the same level it was in 1985, when there was an adequate amount to stabilize prices, the way it was designed, but not to supply a huge war effort overseas.

Dubya just never got the memo about what it was actually for.