Updated SPR “milestones”

September 7, 2022 by offshoreenergy

The reckless depletion of an important strategic resource continues:

Largest-ever one year SPR decline – 179 million bbls or 28.8% (9/3/2021 to 9/2/2022)
39.2% decline since 2010
74 consecutive weeks of decline – 4/9/2021 to 9/2/2022
58 million bbls below the strategically important 500 million barrel threshold which was first breached (on the downside) on 6/24/2022
Lowest inventory since 11/23/1984

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Bud's Offshore Energy (BOE)