White House: No Imminent Plans for Refilling Strategic Petroleum Reserves

[BumRushDaShow]

Source: Newsweek

Published Jun 26, 2025 at 4:12 PM EDT | Updated Jun 26, 2025 at 6:22 PM EDT


The Trump administration has no imminent plans to replenish the country's Strategic Petroleum Reserve (SPR), White House Press Secretary Karoline Leavitt told reporters during Thursday's briefing.

The SPR stands at its lowest level since the 1980s after significant releases under President Joe Biden, and the price of crude oil is hovering between $65 and $70 a barrel after dropping by an average of $10 a barrel earlier this week.

Why It Matters

The decision not to refill the emergency reserve is significant for U.S. consumers and energy security. The SPR's depleted status limits the government's ability to intervene during supply shocks or price spikes, potentially leaving American families and industries more exposed to global oil market volatility.

The administration's focus on domestic production aims to reduce reliance on international supply but raises questions about preparedness for unforeseen crises.

Read more: https://www.newsweek.com/white-house-no-imminent-plans-refilling-strategic-petroleum-reserves-2091311

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When Biden was pulling from it to stabilize the oil prices and selling it at a profit when the price was around $90/bbl, and then buying back when the price was around or below ~$75/bbl... the GOP was howling like banshees. Now, as usual...

REFERENCE - https://www.democraticunderground.com/10143008767

[Norrrm]

1. Strategic --- Not very.

[DallasNE]

2. The Only Reason For That

Would be an expectation that oil prices would be coming down. That is highly speculative and unlikely to happen any time soon, making this an unwise risk.

[Hope22]

7. Or that the prices would be rising and it would be a giant screw you

To the American people when he went in the hole replenishing them.

[Paladin]

3. Good. Yet another stupid move, guaranteed to bite the GOP on the ass. (nt)

[Prairie Gates]

4. More prudential stewardship from the MAGA braintrust

Of course, the game is to self-produce an oil shortage to open up more places to "Drill, baby, drill" (i.e., some corrupt handout to their bribe givers in the oil industry).

Yahoo! We all go down together.

[LudwigPastorius]

5. It's almost like Trump is against anything that benefits individual citizens or our nation's security as a whole.

[not fooled]

6. Just a reminder of where we were a year ago

]

How Joe Biden 'broke OPEC' and rewrote the rules for oil trading MSNBC

The Organization of the Petroleum Exporting Countries, or OPEC, has had massive influence over American politics for six decades. President Biden’s "incredible" oil market trading has broken this influence. Dan Dicker joins Chris Hayes to discuss how Biden got ahead in oil production and what that means for the transition to clean energy.

And yet 77 million voters chose an idiot who clearly was aligned with the petrostates and Putin.