The amount of crude oil released from the SPR since the end of 2021 is the steepest drop in US history.
Now the SPR holds the crude oil amount equivalent to the 1987 level, when our economy, the population were much smaller….
Obviously, this current release was done with a single goal in mind – arrest the inflation creep.
Well, are we exposing ourselves too much to any true emergency that the SPR was designed for?
What if oil tightness would persist and we would be forced to replenish the SPR at a higher price – amplifying the inflation?