Alex Epstein

@AlexEpstein ↗

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Last Checked March 15, 2023

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Wed Mar 08 16:43:24 +0000 2023

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Alex Epstein @AlexEpstein

The administration claims Putin's war is exactly the kind of “emergency” the SPR is designed for. Wrong. Putin's war is not an oil emergency that justifies depleting the SPR now; it is a potential oil emergency that justifies keeping the SPR as full as possible. — PolitiTweet.org

Posted March 8, 2023

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Alex Epstein @AlexEpstein

Even when full (at 714 million barrels), the SPR contains only 1/10th of US annual oil consumption (>7 billion barrels) and now (at 370M barrels) it contains 1/20th. This means less oil for real emergencies—such as wars, terrorist attacks or cyberattacks on US oil operations. — PolitiTweet.org

Posted March 8, 2023

Followed By

Alex Epstein @AlexEpstein

Since oil prices have gone down since Biden’s biggest SPR withdrawals, the Administration is bragging that they can profitably refill it. But even if they can, it doesn’t change the fact that the depletion was reckless, putting our oil security in jeopardy at a critical time. — PolitiTweet.org

Posted March 8, 2023