Biden Energy Department’s claim it replenished Strategic Petroleum Reserve misleading, expert says
Biden drained 40% of the nation's energy stockpiles, more than 250 million barrels of oil. How can the Department of Energy claim that only 40 million barrels it has purchased would refill it?
By Kevin Killough
Published: August 10, 2024 10:51pm
When the Department of Energy announced that it had successfully replenished the nation's stockpile with the total purchased volume of 40 million barrels, the announcement had some people scratching their heads.
The Strategic Petroleum Reserve (SPR), as the stockpile is called, contained over 630 million barrels of crude oil when President Biden took office in January 2021. Last week, it had less than 376 million barrels. How did the DOE refill the SPR with only 40 million barrels?
“I think it's a very purposely worded, misleading press release to make it seem like it replenished the SPR. And that's not true at all,” Robert Rapier, a chemical engineer and editor in chief of Shale Magazine, told Just the News.
https://justthenews.com/politics-policy/energy/energy-departments-claim-it-replenished-strategic-petroleum-reserve
