Now is the Time to Refill Our Strategic Petroleum Reserve
Oil prices have dropped to the lowest level in four years, presenting a pivotal opportunity for the United States. We must take advantage of the lower prices and refill our Strategic Petroleum Reserve (SPR), which currently sits at only about 55 percent full after former President Joe Biden drained it more than any other president in history. This leaves us with an uphill battle to refill our reserves. During the Biden Administration, the SPR was drained by more than 180 million barrels in just 2022 alone.
“This drop in oil prices is not only potential good news for Americans at the pump, it also provides a window to strengthen our national energy security,” said Daniel Turner, Founder and Executive Director for Power The Future. “Joe Biden left America weaker by not refilling the SPR, but today’s prices provide an opportunity to fix yet another one of his failures. The SPR can now be refilled while giving taxpayers a break and it can be purchased tariff-free because we’ll use all American-made energy.”
It is a shame we must worry about our SPR after the previous administration used it for purely political gain. The burden to refill the SPR now falls on the Trump administration, and this is the perfect time to do so and restore it to its intended use. Last April, PTF Communications Director Larry Behrens said it best: “ Use American Oil to Fill the Strategic Petroleum Reserve Now. “
April 7, 2025