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Posts Tagged ‘dubious milestones’

Updated Strategic Petroleum Reserve “milestones”

Posted in energy policy, tagged , , on October 5, 2022| Leave a Comment »

  • Largest-ever one year SPR decline – 203 million bbls or 32.8% (9/24/2021 to 9/30/2022)
  • 42.8% decline since 2010
  • 78 consecutive weeks of decline – 4/9/2021 to 9/30/2022
  • 84 million bbls below the strategically important 500 million barrel threshold which was first breached (on the downside) on 6/24/2022
  • Lowest inventory since 7/6/1984 when the SPR was being filled
Above numbers are end of year volumes except for 2022 which is as of 9/30

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Updated SPR “milestones”

Posted in energy policy, tagged , , on September 7, 2022| Leave a Comment »

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
Above numbers are end of year volumes except for 2022 which is as of 9/2

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(Politically) Strategic Petroleum Reserve

Posted in energy policy, tagged , , , , on August 26, 2022| Leave a Comment »

The SPR withdrawals are scheduled to end just prior to the mid-term elections. What happens if oil markets tighten further, perhaps with OPEC assistance?

Remember that the SPR was intended to diminish the vulnerability of the United States to the effects of a severe energy supply interruption!

Updated SPR “milestones”

  • Largest-ever one year decline – 168.2 million bbl or 24.4% (8/13/2020 to 8/19/2022)
  • 37.7% decline since 2010
  • 72 consecutive weeks of decline – 4/9/2021 to 8/19/2022
  • 47 million bbls below the important 500 million barrel threshold which had never before been breached on the downside
  • Lowest inventory since 1/11/1985
Above numbers are end of year volumes except for 2022 which is as of 8/19

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