Congress has pre-authorized SPR sales totaling over 200 million barrels through legislation from 2015-2018 (FAST Act 66M, Tax Cuts and Jobs Act 7M, Bipartisan Budget Act 100M), with most sales occurring in 2023-2027, making SPR refill politically impossible regardless of oil price.
factualpending
Speaker
DoombergEvidence Quote
“the fixing America's surface Transportation Act of 2015 calls for spr sales totaling 66 million barrels...the tax cuts and jobs Act of 2017 calls for 7 million barrels...the bipartisan budget Act of 2018 calls for the sale of 100 million barrels”
Created: 8/12/2026, 10:29:50 PM
My Notes
Loading notes...