3 ms·
Citation needed. Naval reserves[0] were mostly privatized years ago, and to the best of my knowledge, none of the other branches have ever had them. We have le
by erichocean 4y ago
Citation needed. Naval reserves[0] were mostly privatized years ago, and to the best of my knowledge, none of the other branches have ever had them.
We have less need for the SPR today because we produce so much, and thus the "supply shocks" it was created to prevent can't really happen anymore—certainly not at the same level as the 1970s.
Prior to Biden draining it this year, Congress had already approved dramatically reducing the SPR by 2030.
[0] https://www.energy.gov/ceser/naval-petroleum-reserves https://www.energy.gov/ceser/naval-petroleum-reserves