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<blockquote data-quote="HiredHand" data-source="post: 3776766" data-attributes="member: 2469"><p>Did Trump fill the SPR? </p><p></p><p></p><p>“From 2001 to 2011, the stockpile increased steadily, but after plateauing for a few years, the number of barrels in the SPR began <em>decreasing</em> after Trump assumed office. On January 20, 2017—the day Trump was sworn into office—the SPR held <a href="https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W" target="_blank">695.1 million barrels of crude oil</a>. That number dropped throughout the Trump presidency, ending at <a href="https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W" target="_blank">638.1 million barrels</a> on January 15, 2021—Trump’s last full week as president.</p><p></p><p>In March 2020, Trump <a href="https://www.energy.gov/articles/department-energy-executes-direction-president-trump-announces-solicitation-purchase-crude" target="_blank">directed</a> the Department of Energy to purchase 77 million barrels of crude oil to completely fill the SPR. Such a purchase, however, required congressional funding. The request was <a href="https://www.reuters.com/article/us-global-oil-usa-spr/u-s-to-buy-initial-30-million-bbls-of-oil-for-emergency-stockpile-idUSKBN2162D8" target="_blank">included</a> in an early version COVID-19 relief legislation, but the $3 billion request did not make its way into the final draft of the bill that was passed into law, with Senate Democrats <a href="https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/" target="_blank">taking credit</a> for its removal.</p><p></p><p>An initial round of buying with funds the Department of Energy had on hand did take place, leading to a slight increase from 635 million barrels to 656 million barrels between <a href="https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W" target="_blank">April 17, 2020 and July 24, 2020</a>, but reserves began declining again the following week. At no point in the Trump presidency was there a sustained increase in the SPR stockpile. The SPR was not “virtually empty” when Trump became president, nor did the stockpile reach the 727 million barrel capacity during his tenure.</p></blockquote><p></p>
[QUOTE="HiredHand, post: 3776766, member: 2469"] Did Trump fill the SPR? “From 2001 to 2011, the stockpile increased steadily, but after plateauing for a few years, the number of barrels in the SPR began [I]decreasing[/I] after Trump assumed office. On January 20, 2017—the day Trump was sworn into office—the SPR held [URL='https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W']695.1 million barrels of crude oil[/URL]. That number dropped throughout the Trump presidency, ending at [URL='https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W']638.1 million barrels[/URL] on January 15, 2021—Trump’s last full week as president. In March 2020, Trump [URL='https://www.energy.gov/articles/department-energy-executes-direction-president-trump-announces-solicitation-purchase-crude']directed[/URL] the Department of Energy to purchase 77 million barrels of crude oil to completely fill the SPR. Such a purchase, however, required congressional funding. The request was [URL='https://www.reuters.com/article/us-global-oil-usa-spr/u-s-to-buy-initial-30-million-bbls-of-oil-for-emergency-stockpile-idUSKBN2162D8']included[/URL] in an early version COVID-19 relief legislation, but the $3 billion request did not make its way into the final draft of the bill that was passed into law, with Senate Democrats [URL='https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/']taking credit[/URL] for its removal. An initial round of buying with funds the Department of Energy had on hand did take place, leading to a slight increase from 635 million barrels to 656 million barrels between [URL='https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W']April 17, 2020 and July 24, 2020[/URL], but reserves began declining again the following week. At no point in the Trump presidency was there a sustained increase in the SPR stockpile. The SPR was not “virtually empty” when Trump became president, nor did the stockpile reach the 727 million barrel capacity during his tenure. [/QUOTE]
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