“The Strategic Petroleum Reserve (SPR) should not be used to manipulate the crude oil market or product markets.
That is the long-held view of the Independent Petroleum Association of America (IPAA), the organization’s chief operating officer, Jeff Eshelman, highlighted in a statement sent to Rigzone recently.
“It should be a safety net in case of disruption of crude oil supplies. Policy makers should oppose all non-emergency sales of oil,” Eshelman said.
Xi needs oil for winter, and SloJo needs his 10%.
He is probably GIVING it to the Chinese…
They do not understand the term, “strategic.” Regardless, based on US consumption, the reserve is a drop in the proverbial bucket. Every time this topic comes up, it is further evidence of how stupid these people are. They have no clue.