Trump Promised to Refill the Strategic Petroleum Reserve. It's Now at a Nearly 44-Year Low

Trump Promised to Refill the Strategic Petroleum Reserve. It's Now at a Nearly 44-Year Low

Trump campaigned on rebuilding America's emergency oil stockpile, and early in his term the numbers moved in the right direction. Then a single geopolitical shock rewrote the entire trajectory in a matter of months.

U.S. Strategic Petroleum Reserve Drops To Lowest Level Since 1982 – Can Washington Afford To Refill It?

The U.S. Strategic Petroleum Reserve (SPR) has fallen to its lowest level in more than four decades according to federal data, as a large-scale drawdown authorized earlier this year continues to work through the system. The SPR held 284.6 million barrels for the week ending Sept. 18, according to Energy Information Administration (EIA) figures, down from 285.0 million barrels the prior week and 406.0 million barrels a year earlier. Department of…

America's Emergency Oil Stockpile Hits a 40-Year Low as Winter Nears

America’s emergency oil stockpile has fallen to 284.6 million barrels — and the Trump administration is counting on oil companies to repay what they borrowed. The Strategic Petroleum Reserve lost […]

Trump Promised to Refill the Strategic Petroleum Reserve. It’s Now at a Nearly 44-Year Low

The post Trump Promised to Refill the Strategic Petroleum Reserve. It’s Now at a Nearly 44-Year Low appeared first on 24/7 Wall St.. Donald Trump made the Strategic Petroleum Reserve a campaign issue in 2024, criticizing the Biden administration’s use of the emergency oil stockpile and saying the…