Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

ancianita

(43,284 posts)

3. All thanks to Biden. From a US Dept of Energy report: The Biden administration used a three-part replenishment strategy

Reply to BumRushDaShow (Original post)

Wed Mar 11, 2026, 08:24 PM

Wednesday

to rebuild the Strategic Petroleum Reserve (SPR) after record 2022 releases, securing nearly 200 million barrels through 2024–2026.

This involved direct purchases at an average price of under $76/barrel (lower than 2022 sales), exchanging barrels with industry premiums, and cancelling 140 million barrels of mandated by Congress.

The Biden administration negotiated with Congress to cancel 140 million barrels of mandated sales scheduled between FY24 and FY27, preventing further depletion of the reserve.

It was all about the timing of the strategy which aimed to stabilize supply following the 180 million barrel emergency release in 2022, which was a response to the Russian invasion of Ukraine.

https://www.energy.gov/articles/biden-harris-administration-makes-final-purchase-strategic-petroleum-reserve-secures-200

Edit history

Please sign in to view edit histories.

Recommendations

4 members have recommended this reply (displayed in chronological order):

BumRushDaShow Blue_Roses IbogaProject A Badger

17 replies

= new reply since forum marked as read

Highlight:

Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve [View all] BumRushDaShow Wednesday OP

I am confused here...he is or is he just blowing bs out his arse, sheshe2 Wednesday #1

I have previously read that Trump did little to fill up these tanks--so now he has filled them up. riversedge Wednesday #2

All thanks to Biden. From a US Dept of Energy report: The Biden administration used a three-part replenishment strategy ancianita Wednesday #3

OR... Trump could stop US-based Petroleum Companies from PRICE GOUGING!! Tim S Wednesday #4

Much of the oil produced by US wells is not suitable for some purposes including Gasoline. Ford_Prefect Wednesday #6

Thanks! Your reply spurred me to perform a search and I found this on Wikipedia ... Tim S Thursday #13

An informed post. Thanks. It is more complicated than Trump could comprehend. twodogsbarking Thursday #15

Desperate and embarrassing Prairie Gates Wednesday #5

We are an oil exporting country correct?? So when our gas prices go up, it's because oil producers wiggs Wednesday #7

it's not that simple catsudon Thursday #14

That's 41% of current inventory. Not much wiggle room left. surfered Wednesday #8

That's a around five days worth... Hugin Wednesday #9

Scraping the barrel HipChick Thursday #10

Only Part Of The Story DallasNE Thursday #11

Are Republicans going to timms139 Thursday #12

Trump tapping the reserves is much more of a misstep Shermann Thursday #17

MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Thursday #16