Did Trump Fill the Oil Reserve?

Contrary to his claim, the level of the Strategic Petroleum Reserve fell during Donald J. Trump’s term.

In his campaign announcement speech, Donald J. Trump boasted of filling the Strategic Petroleum Reserve (SPR): “As we speak, inflation is the highest in over 50 years, gas prices have reached the highest levels in history, and expect them to go much higher now that the strategic national reserves, which I filled up, have been virtually drained in order to keep gasoline prices lower just prior to the election.” (1)https://www.rev.com/blog/transcripts/former-president-trump-announces-2024-presidential-bid-transcript

Just so we know the facts:

At the end of January 2017, which was the end of Trump’s first month in office, the SPR held 695,078 thousand barrels. At the end of December 2020 — the end of Trump’s last full month in office — it held 638,086 thousand barrels. (2)https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m

So the level of the SPR fell by 56,992 barrels, which is 8.2 percent of the Trump administration starting level. This is according to the U.S. Energy Information Administration, which is part of the U.S. Department of Energy.

References

References
1https://www.rev.com/blog/transcripts/former-president-trump-announces-2024-presidential-bid-transcript
2https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts

  • Business Formation in Kansas

  • Wichita Employment Situation, December 2022

  • Presidential Data Explorer Updated

  • Kansas Employment Situation, December 2022

  • Wichita Employment Situation, November 2022

%d bloggers like this: