SPR Revisited

SPR Policy, Size and Other Thoughts

SPR Revisited
Photo by Zbynek Burival / Unsplash

- The U.S. SPR is down 52% from its peak
- The SPR was meant as much or more for economic security as wartime security
- U.S. production and import sources have changed materially since creation of the SPR
- The 2022 Emergency Release was largely offset by a reduction in future mandatory sales
- The U.S. should strive to refill the SPR to 500 million barrels

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