The Strategic Petroleum Reserve was created in response to the oil crisis. It was intended to give domestic producers enough time to ramp up production and prevent price spikes had the Saudis decide to embargo the US again.

Currently, Biden's draining it to zero, just to get a good headline CPI and to hurt Russian oil exports. Meanwhile, domestic producers are getting crushed by inflating costs and OPEC is pissed at the blatant price manipulation.

We've come full circle.

The Strategic Petroleum Reserve was created in response to the oil crisis. It was intended to give domestic producers enough time to ramp up production and prevent price spikes had the Saudis decide to embargo the US again.

Currently, Biden's draining it to zero, just to get a good headline CPI and to hurt Russian oil exports. Meanwhile, domestic producers are getting crushed by inflating costs and OPEC is pissed by the price manipulation.

We've come full circle.