Biden Released More Than 251 Million Barrels of Oil From the Strategic Petroleum Reserve. Did it Help?
Heartland Author
December 29, 2022
By Robert Romano
Since taking office, President Joe Biden has released more than 251 million barrels of oil from the Strategic Petroleum Reserve over about a 12-month period, at about a pace of 1.45 million barrels a day on average, according to data compiled by the U.S. Energy Information Administration.
That is a 39 percent decrease from its 638 million barrels level in Jan. 2021, with the current supply now down to about 387 million barrels, the lowest mark since 1984.
The U.S. consumes about 20 million barrels a day, and today it produces about 12.2 million barrels a day. Of the total that is consumed, the rest are imports and a bit of biofuels.
https://heartlanddailynews.com/2022/12/biden-released-more-than-251-million-barrels-of-oil-from-the-strategic-petroleum-reserve-did-it-help/
