And there may be a connection to Biden closing Strategic Petroleum Reserve (”SPR”) purchases.
And a connection with Biden blocking permits for new, natural gas / LNG export infrastructure.
U.S.A. Strategic Petroleum Reserve
When Trump left office: SPR 638,086,000 barrels
Biden in office, latest: SPR 363,641,000 barrels
U.S. Strategic Petroleum Reserve Stocks:
U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels) |
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2018 | 664,234 | 665,458 | 665,456 | 663,966 | 660,167 | 660,015 | 660,013 | 660,011 | 660,009 | 654,840 | 649,567 | 649,139 |
2019 | 649,139 | 649,126 | 649,126 | 648,588 | 644,818 | 644,818 | 644,818 | 644,818 | 644,818 | 641,153 | 634,967 | 634,967 |
2020 | 634,967 | 634,967 | 634,967 | 637,826 | 648,326 | 656,023 | 656,140 | 647,530 | 642,186 | 638,556 | 638,085 | 638,086 |
2021 | 638,085 | 637,773 | 637,774 | 633,428 | 627,585 | 621,304 | 621,302 | 621,302 | 617,768 | 610,646 | 601,467 | 593,682 |
2022 | 588,317 | 578,872 | 566,061 | 547,866 | 523,109 | 493,324 | 468,006 | 445,057 | 416,393 | 398,569 | 388,419 | 372,030 |
2023 | 371,579 | 371,579 | 371,175 | 363,723 | 354,366 | 347,158 | 347,454 |
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