As of December 2, 2016 the current stock inventory of the Strategic Petroleum Reserve is 429 million bbls. The last sale was considered a “test sale” in March of 2014. In September 1990 and November 1985 these were also considered “test sales” which totaled 10 million bbls of oil. The largest oil sale in the last 20 years came in June of 2011, the IEA coordinated release sold 30.64 million bbls of oil. This sale was in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the global economic recovery. I will provide charts of past sales and releases at the end of my paper so others can look further into the history of the sales from the Strategic Petroleum Reserve. The SPR locations stores both sweet crude and sour crude. The U.S. economy rough consumes 18-19 million barrels of oil on a daily basis. In 2013, the nation 's demand for gasoline rose for the first time since
As of December 2, 2016 the current stock inventory of the Strategic Petroleum Reserve is 429 million bbls. The last sale was considered a “test sale” in March of 2014. In September 1990 and November 1985 these were also considered “test sales” which totaled 10 million bbls of oil. The largest oil sale in the last 20 years came in June of 2011, the IEA coordinated release sold 30.64 million bbls of oil. This sale was in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the global economic recovery. I will provide charts of past sales and releases at the end of my paper so others can look further into the history of the sales from the Strategic Petroleum Reserve. The SPR locations stores both sweet crude and sour crude. The U.S. economy rough consumes 18-19 million barrels of oil on a daily basis. In 2013, the nation 's demand for gasoline rose for the first time since