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FACT BRIEF

Did Biden suck dry the Strategic Petroleum Reserve?

By Sarah Thompson
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NO

On March 31, 2022, President Joe Biden announced a plan to release one million barrels per day from the Strategic Petroleum Reserve for the next six months. 

He called it "a wartime bridge to increase oil supply until production ramps up later this year. And it is by far the largest release from our national reserve in our history."

The most recent measure of the SPR inventory is 568 million barrels, and Biden's plan equals 180 million barrels. That amounts to releasing less than 32% of the reserve over six months — not "sucking it dry." 

See a full discussion of this at Lead Stories
This fact brief is responsive to conversations such as this one.
Sources
White House President Biden Delivers Remarks on Lowering Gas Prices (video published on YouTube)
US Department of Energy Strategic Petroleum Reserve
ABOUT THE CONTRIBUTOR
Lead Stories
Lead Stories is a fact checking and debunking website at the intersection of big data and journalism that launched in 2015. It scouts for trending stories, images, videos and posts that contain false information in order to fact check them as quickly as possible. It actively monitors the fake-news ecosystem and doesn’t wait for reader tips or reports before getting started on a story.
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About fact briefs published on Gigafact
Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.