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Politics : Politics for Pros- moderated
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To: JohnM who wrote (37812)4/4/2004 11:53:28 AM
From: LindyBill  Read Replies (1) of 793759
 
Why isn't the oil reserve full? Another mistake we can lay at the feet of Clinton! :>) Mickey Kaus.

The short answer to why the Strategic Petroleum Reserve isn't full is that filling was stopped mostly as a deficit reduction measure in 1994 when the SPR contained something less than 600 million barrels, leaving it a bit more than 100 million barrels short of the maximum capacity of 700 million barrels. Filling wasn't restarted until 1999-2000 to replace 28 million barrels sold in 1996 for further deficit reduction. The decision to completely fill the SPR was made in November 2001.
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