Nonilex14h ago

#TrumpsWar #EnergyCrisis

#US emergency #oil stockpile tumbles to lowest since the Reagan administration

The amount of oil in the US Strategic Petroleum Reserve [#SPR] plunged last week to the lowest level since 1983 as the #Trump admin continues to deploy emergency oil to minimize the damage from his #war with #Iran.

#IranWar #law #Congress #WarPowers #geopolitics #NationalSecurity #economy #inflation #affordability #CostOfLiving #oil #energy
https://www.cnn.com/2026/06/15/business/spr-lowest-since-1983

US emergency oil stockpile tumbles to lowest since the Reagan administration

The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the war with Iran.

CNN
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According to federal data released Monday, #US officials released another 8.9 million barrels from the #SPR last week alone.

That leaves the US #emergency #oil reserve with 340.3 million barrels of crude….

The last time the SPR had less oil than today was July 1983, when the Reagan admin was filling the reserve for the first time & when the US had a smaller #economy.

#TrumpsWar #IranWar #Trump #law #Congress #WarPowers #NationalSecurity #inflation #affordability #CostOfLiving #EnergyCrisis

6:02pmWeb