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Less than two years into his presidency, President Biden has released more oil from the nation’s Strategic Petroleum Reserve than all previous presidents combined. To date, Mr. Biden has allowed over 200 million barrels to be withdrawn—more than 30% of the total reserve he inherited, intended to be used in case of urgent need. The SPR is at its lowest level since 1984, when U.S. oil consumption was considerably less and the reserve was initially being stocked. Mr. Biden’s rapid depletion of the SPR is a national-security risk.
Even before Russia invaded Ukraine in February, Mr. Biden had been aggressively tapping the SPR. There have been only three previous emergency releases: 17.3 million barrels during Operation Desert Storm in 1991, 20.8 million barrels following Hurricane Katrina in 2005, and 30.6 million barrels following military intervention in Libya in 2011.
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