Concept: November 20, 2022. Status of the Strategic Petroleum Reserve of the United States

in LeoFinance • 2 years ago (edited)

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As of November 11, 2022, the Strategic Petroleum Reserve (SPR) of the United States has 392,119,000 barrels of oil, the equivalent of 53.9% full. If the current drawdown would continue, the SPR would be empty by March 2, 2025. However, due to legal reasons, the SPR can only fall to about 238,000,000 barrels of oil by 2028.

The current drawdown was put in place to mitigate the effect of the increased international oil priced derived from the unfolding geopolitical events.

For further information, read this article and also this article

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
#ecency #cent #vyb #peakd #proofofbrain #oil #spr #petroleum
2 years ago in LeoFinance by
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     2 years ago  

    2025 is quite near.
    Are the Reserve static? I mean do they not increase over time?

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     2 years ago  

    No, it is not static. The government is supposed to buy for it when it is cheap and sell when it is expensive

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       2 years ago  

      Okay, I got. Thanks for explaining

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