What will be the ending stocks of crude oil in the US Strategic Petroleum Reserve (SPR) in December 2022?
Closed Jan 01, 2023 08:01AM UTC
President Biden announced in late March 2022 that the US would release one million barrels of crude oil a day from the SPR to relieve energy prices amidst the Russian war with Ukraine (CNBC, Energy.gov). The question will be suspended on 31 December 2022 and the outcome determined using data as reported by the US Energy Information Administration (EIA) when first released for December 2022, expected in February 2023 (EIA). For December 2021, ending stocks totaled 593,682 thousand barrels.
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The question closed "Between 340,000 thousand barrels and 400,000 thousand barrels, inclusive" with a closing date of 1 January 2023.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 340,000 thousand barrels | 3% | |
| Between 340,000 thousand barrels and 400,000 thousand barrels, inclusive | 88% | |
| More than 400,000 thousand barrels but less than 460,000 thousand barrels | 8% | |
| Between 460,000 thousand barrels and 520,000 thousand barrels, inclusive | 1% | |
| More than 520,000 thousand barrels but less than 580,000 thousand barrels | 0% | |
| 580,000 thousand barrels or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 43 |
| Average for questions older than 6 months: 235 | |
| Number of Forecasts | 341 |
| Average for questions older than 6 months: 651 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
