Vodkapundit: "Well, Biden Screwed Us Forever on Another Damn Thing."
The SPR was created under President Gerald Ford in 1975 following the 1973–1974 Arab oil embargo, which turned out to be just the first of that decade’s two major oil shocks. Set in massive salt caverns in Louisiana and Texas, the SPR was supposed to hold enough crude oil—714 million barrels— to help us weather any future embargo. While it was never large enough to do that for any significant time, the SPR’s very existence strengthened our geopolitical position versus some very nasty oil producers in places like Iran and Russia.
It took until about 2010—35 years!—to fill those reservoirs all the way up. It took Dementia Joe just two years to cut our reserves in half, down to levels not seen since 1983.
Check out this graph:
It's a good thing we're not going to war with Russia anytime soon.
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