Report: December 14, 2022. Status of the Strategic Petroleum Reserve of the United States #2

As of December 9, 2022, the Strategic Petroleum Reserve (SPR) of the United States has 382,287,000 barrels of oil, the equivalent of 52.6% full. If the current drawdown would continue, the SPR would be empty by November 28, 2025. However, due to legal reasons, the SPR can only fall to about 238,000,000 barrels of oil by 2028.

The level of the SPR is about 10 million barrels lower than a month ago. The current regime continues to try to influence energy prices by drawing oil from the SPR

For further information, read this article and also this article

Previous Reports:

• November 20, 2022. Status of the Strategic Petroleum Reserve of the United States

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.