White House: No Imminent Plans for Refilling Strategic Petroleum Reserves [View all]
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
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
= new reply since forum marked as read