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US emergency oil stockpile tumbles to lowest since the Reagan administration
cnn ^ | 06 15 2026 | Matt Egan

Posted on 06/15/2026 5:21:19 PM PDT by yesthatjallen

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.

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, taking out the prior low set in July 2023 under President Joe Biden after Russia invaded Ukraine.

The last time the SPR had less oil than today was July 1983, when the Reagan administration was filling the reserve for the first time and when the United States had a smaller economy.

SNIP

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: cnn; cnnfakenews; concerntroll; concerntrolling; enemedia; fakenews; mattegan; movietroll; msm; oil; petroleumreserve; spr; stockpile; tdsbelow; yesthatconcerntroll

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1 posted on 06/15/2026 5:21:19 PM PDT by yesthatjallen
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To: yesthatjallen

Let’s go back to the Biden years.


2 posted on 06/15/2026 5:26:03 PM PDT by Sacajaweau
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To: yesthatjallen

I could go for this if they could make the phones explode if you can’t verify that one operating the phone is registered to vote, sort of like wht was done to Hamas.


3 posted on 06/15/2026 5:26:48 PM PDT by Tench_Coxe (The woke were surprised by the reaction to the Bud Light fiasco. May there be many more surprises)
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To: yesthatjallen

CNN?
Those clowns are still there?


4 posted on 06/15/2026 5:28:26 PM PDT by Da Coyote
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To: yesthatjallen

Drill baby drill and fill it up first


5 posted on 06/15/2026 5:29:09 PM PDT by butlerweave (Fateh)
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To: butlerweave

Give it all to Cuba wen they dump the communists.


6 posted on 06/15/2026 5:32:26 PM PDT by DIRTYSECRET
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To: yesthatjallen

Had Biden added oil instead of taking oil from the SPV, there would have been more for Americans to use today.


7 posted on 06/15/2026 5:34:39 PM PDT by Round Earther
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To: yesthatjallen

It is there for war. We were at war. Boosting the price of gas was part of the enemies plan. Their only path to victory was through the Democrat party. They knew if the Democrats gained power they were more inclined to hurt the President than help the country.


8 posted on 06/15/2026 5:34:51 PM PDT by Nateman (Democrats did not strive for fraud friendly voting merely to continue honest elections.)
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To: yesthatjallen

Biden left it lower than anyone before him, leaves gtrump with it depleted now the Clown news network blames Trump who is actually fixing the mess left by past presidents.
Classic liberal propaganda


9 posted on 06/15/2026 5:35:09 PM PDT by Skwor
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To: yesthatjallen

We’ll be okay. Dont worry CNN


10 posted on 06/15/2026 5:35:58 PM PDT by MrRelevant
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To: yesthatjallen

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCSSTUS1&f=M


11 posted on 06/15/2026 5:39:56 PM PDT by Sacajaweau
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To: yesthatjallen

CNN looking for any little pin prick they can dream up. If Joey was still in office, ZERO chance this issue would have seen the day of light. CNN can FOAD.


12 posted on 06/15/2026 5:40:45 PM PDT by DAC21
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To: Da Coyote
Cushing crude stocks sit less than 2 million bbls above operational floor amid global supply crisis


13 posted on 06/15/2026 5:42:38 PM PDT by yesthatjallen
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To: yesthatjallen

Biden depleted it to get elected.
It didn’t work


14 posted on 06/15/2026 5:43:20 PM PDT by Zathras
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To: yesthatjallen

Gotta rain on Trump’s parade.

Libs gotta lib.


15 posted on 06/15/2026 5:47:47 PM PDT by lightman (Beat the Philly fraud machine the Amish did onest, ja? Nein, zweimal they did already!)
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To: yesthatjallen

The United States is a net exporter of oil, so this is no big deal. We we a net importer of oil by a wide margin when the strategic oil reserve was first started. Huge difference.


16 posted on 06/15/2026 5:49:27 PM PDT by WASCWatch ( WASC)
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To: Skwor

Biden isn’t President now. Trump is.

Stop blaming Biden for the current drop.


17 posted on 06/15/2026 5:53:19 PM PDT by moviefan8
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To: Tench_Coxe

Wrong thread?


18 posted on 06/15/2026 6:12:46 PM PDT by BipolarBob (Call my personal secretary, Jennie, at 867-5309.)
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To: yesthatjallen
CNN is running this political SCAM on full blast.

From memory...

Biden drew down most of our reserves and failed to replace ANY of the oil he sold.

19 posted on 06/15/2026 6:31:42 PM PDT by zeestephen (2024 Trump Landslide - Kamala Harris Lost By 230,000 Votes In WI, MI, and PA.)
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To: yesthatjallen

Much ado about nothing. This nationhas plenty of oil. So much so, that we are selling oil in the marketplace to foreign nations. We will fill reserve when the price starts rto return to normal, instead of doing so right now at higher prices.


20 posted on 06/15/2026 6:37:47 PM PDT by Robert DeLong
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