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ancianita

(43,307 posts)

3. All thanks to Biden. From a US Dept of Energy report: The Biden administration used a three-part replenishment strategy

Reply to BumRushDaShow (Original post)

Wed Mar 11, 2026, 08:24 PM

Mar 11

to rebuild the Strategic Petroleum Reserve (SPR) after record 2022 releases, securing nearly 200 million barrels through 2024–2026.

This involved direct purchases at an average price of under $76/barrel (lower than 2022 sales), exchanging barrels with industry premiums, and cancelling 140 million barrels of mandated by Congress.

The Biden administration negotiated with Congress to cancel 140 million barrels of mandated sales scheduled between FY24 and FY27, preventing further depletion of the reserve.

It was all about the timing of the strategy which aimed to stabilize supply following the 180 million barrel emergency release in 2022, which was a response to the Russian invasion of Ukraine.

https://www.energy.gov/articles/biden-harris-administration-makes-final-purchase-strategic-petroleum-reserve-secures-200

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BumRushDaShow Blue_Roses IbogaProject A Badger

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Highlight:

Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve [View all] BumRushDaShow Mar 11 OP

I am confused here...he is or is he just blowing bs out his arse, sheshe2 Mar 11 #1

I have previously read that Trump did little to fill up these tanks--so now he has filled them up. riversedge Mar 11 #2

All thanks to Biden. From a US Dept of Energy report: The Biden administration used a three-part replenishment strategy ancianita Mar 11 #3

OR... Trump could stop US-based Petroleum Companies from PRICE GOUGING!! Tim S Mar 11 #4

Much of the oil produced by US wells is not suitable for some purposes including Gasoline. Ford_Prefect Mar 11 #6

Thanks! Your reply spurred me to perform a search and I found this on Wikipedia ... Tim S Mar 12 #13

An informed post. Thanks. It is more complicated than Trump could comprehend. twodogsbarking Mar 12 #15

Desperate and embarrassing Prairie Gates Mar 11 #5

We are an oil exporting country correct?? So when our gas prices go up, it's because oil producers wiggs Mar 11 #7

it's not that simple catsudon Mar 12 #14

That's 41% of current inventory. Not much wiggle room left. surfered Mar 11 #8

That's a around five days worth... Hugin Mar 11 #9

Scraping the barrel HipChick Mar 12 #10

Only Part Of The Story DallasNE Mar 12 #11

Are Republicans going to timms139 Mar 12 #12

Trump tapping the reserves is much more of a misstep Shermann Mar 12 #17

MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Mar 12 #16