US Strategic Petroleum Reserve stocks have fallen to their lowest level since October 1982, dropping to 283.8 million barrels.
The decline followed an authorisation in March of a 172 million-barrel release as part of a coordinated international effort to contain oil prices. About 133 million barrels were released through swaps with Shell, Vitol and Trafigura, which were contracted to return 1.25 barrels for every barrel received, with deliveries scheduled to begin next year.
A range of 250–300 million-barrel is generally considered necessary for efficient operations.
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Awww Stumpie, I guess the US can pillage Venezuela’s reserves, since illegally attacking them and abducting their head of state. Oh but its tough to process their oil and the chances of a revolution are pretty decent, which is why a lot of oil companies don’t want to go there. Oh dear……
Where’s all that Venezuelan oil then?
And the real story.
WASHINGTON—The U.S. Department of Energy (DOE) today issued a Request for Proposal (RFP) for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR), continuing DOE’s execution of the 172-million-barrel release previously announced by President Trump in coordination with the International Energy Agency (IEA) member nations’ overall 400-million-barrel commitment.
“With today’s actions, the United States continues to lead the coordinated efforts to stabilize oil markets for the benefit of Americans and people around the world,” U.S. Secretary of Energy Chris Wright said. “While the United States and Japan are delivering on their commitments, several European member countries have released only a fraction of the crude oil and petroleum products they pledged. We urge every member country to fulfill its commitments. Thanks to President Trump, these exchanges will also ensure America’s Strategic Petroleum Reserve continues to be refilled, while saving taxpayers more than $3 billion.”
Thanks to President Trump, DOE has advanced a series of large-scale SPR exchange solicitations at record speed. These actions have moved critical crude oil supplies into the market to address short-term supply disruptions and bolster energy security for the United States and its allies.
The crude oil will originate from the SPR’s Big Hill and Bryan Mound sites. This action builds on the Department’s five previous solicitations that collectively awarded more than 133 million barrels across four completed exchanges. DOE’s earlier exchanges demonstrated the SPR’s ability to rapidly deliver crude under emergency authorities while achieving a 25 percent premium in returned barrels—expanding the reserve and saving taxpayers billions of dollars. Deliveries under awarded exchanges are scheduled for November and December 2026.
Under DOE’s exchange authority, participating companies will return the 40 million borrowed barrels with additional premium barrels, ensuring immediate market supply while increasing the SPR’s long-term inventory at no cost to taxpayers.
Bids for this solicitation are due no later than 11:00 A.M. Central Time on Tuesday, October 6, 2026.
Fanciful
Donald Dumph repeatedly condemned Joe Biden for drawing down the U.S. Strategic Petroleum Reserve (SPR). During his 2024 presidential campaign, Trump accused Biden of “virtually draining” the reserves to lower gasoline prices ahead of elections, stating, “The strategic national reserves, which I filled up, have been virtually drained in order to keep gasoline prices lower, just prior to the election.” He pledged to “fill up the strategic reserves immediately” upon taking office.
However, under his own administration, the SPR has fallen to its lowest level since 1982 (approximately 284 million barrels as of late September 2026), following a 172 million-barrel release authorized by Trump in March 2026 amid the Iran war.
This contrasts sharply with his campaign promises, as the reserve is now testing operational minimums despite his earlier criticism of Biden’s drawdowns.
But what would you expect from this useless bag of muck?
” the United States continues to lead the coordinated efforts to stabilize oil markets for the benefit of Americans and people around the world…”
All words just simply fkn fail beyond any fkn description
GERMANY TAKES ITS COUNTRY BACK
https://old.bitchute.com/video/HZCQEaeqYKk/
What America needs to do