Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 11, 2022

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Wed Nov 02 15:52:40 +0000 2022

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Alex Epstein @AlexEpstein

There is a lot of uncertainty ahead for US oil security. In additional to the threats of terrorism and cyberattacks, and the ever-present possibility of a natural disaster, there is the possibility of an escalation of conflicts by Russia or China. We want our oil stockpile full. — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

Even when full (714M barrels), the SPR contains only 1/10th of US annual oil consumption (>7B barrels) and now it contains 1/18th (~400M barrels). This means less oil for emergencies such as terrorist attacks or cyberattacks on US oil production, refining, or transport. https://t.co/m1beWKeeCA — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

Biden’s depletion of the SPR is not only a security threat but also an economic threat. If oil prices stay high, which Biden’s and other anti-oil policies make more likely, refilling the SPR could drive them significantly higher and create a global price shock. — PolitiTweet.org

Posted Nov. 2, 2022