The enormous and rapid depletion of the SRP in peace times was one of the many huge scandals during the administration of the senile, demented, and corrupt 46th President!
This scandal was seriously underreported by the news media. I blogged about early on (please click the label Strategic Petroleum Reserve nearby).
The lowest point or about half what it used to be was reached in June 2023 (see also table below).
This was crass vote buying by artificially depressing gas prices in the US instead of drill baby drill etc.!
It might take years to bring it up again to pre 46th President levels and how much will it cost.
U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)
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