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Jesse Watters Predicts Joe Biden Will Be 'One Of The Worst' Presidents Of All Time!!


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Posted

Seems easier to keep our own production like it was under Trump and stop shutting down our pipelines.
 

The Strategic Petroleum Reserve (SPR) is an emergency stockpile of 

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 maintained by the 
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(DOE). It is the largest known emergency supply in the world, and its underground tanks in 
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 and 
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 have capacity for 714 million barrels (113,500,000 m3).
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 The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 
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, to mitigate future supply disruptions.

The current inventory is displayed on the SPR's website.

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 As of September 4, 2021, the inventory was 621.3 million barrels (98,780,000 m3). This equates to about 31 days of oil at 2019 daily U.S. consumption levels of 20.54 million barrels per day (3,266,000 m3/d)
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 or 65 days of oil at 2019 daily U.S. import levels of 9.141 million barrels per day (1,453,300 m3/d).
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 However, the maximum total withdrawal capability from the SPR is only 4.4 million barrels per day (700,000 m3/d), so it would take about 145 days to use the entire inventory. At recent market prices ($58 a 
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 as of March 2021),
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 the SPR holds over $14.6 billion in 
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 and approximately $18.3 billion in 
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 (assuming a $15/barrel discount for sulfur content). In 2012, the total value of the crude in the SPR was approximately $43.5 billion, while the price paid for the oil was $20.1 billion (an average of $28.42 per barrel).
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Posted
45 minutes ago, LumRaiderFan said:

Never underestimate the democrats.

This guy has no regard for this country.  I sure miss Trump.

What a evil treasonous embarrassment excuse of a Fake Administration! This is  what happens when the will of the American people is stolen!

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