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Oil's not well? US emergency stockpile falls to lowest level
More than four decades after it was first being filled, the US emergency oil stockpile has fallen to its lowest level. The Trump administration has continued drawing oil from the Strategic Petroleum Reserve (SPR) to ease the economic impact of the war with Iran, pushing the US emergency crude stockpile to its lowest level since 1983.
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washingtonexaminer.com
Trump faces uphill battle to replenish oil stockpiles headed to record lows
The Strategic Petroleum Reserve was created in 1975, with the intention to protect consumers from severe supply shocks and price spikes.
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cryptobriefing.com
US oil reserve hits 43-year low as Trump aims to tame gas prices
The US Strategic Petroleum Reserve has dropped to 349.2 million barrels, a 43-year low, as Trump drains reserves to fight gas prices amid the Iran crisis.
