Trump orders 172M barrels released from strategic reserve: How much oil will remain?
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The Bottom Line
Millions of gallons of oil are to be released from the U.S. strategic reserve.
AI Summary
Trump ordered the release of 172 million barrels from the U.S. Strategic Petroleum Reserve, which is stored in underground salt caverns. The release will draw down the nation's emergency oil stockpile by millions of gallons.
What's Being Done
Millions of gallons are being released from the U.S. strategic reserve.
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With Disputed Legal Maneuver, Trump Tries to Set Policy Without Legislation
This article is part of a story we're tracking:
Trump's Influence on US Politics and Foreign Policy
Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
Trump Administration Actions and Policies
The Trump administration is taking various actions, including restarting the Global Entry program, pushing for college sports legislation, and facing scrutiny over its handling of the Iran conflict and its impact on the State Department.
Trump Administration's Domestic Policies and Political Maneuvers
The Trump administration is implementing and proposing various domestic policies, including restoring gun rights for felons, restarting Global Entry, and facing scrutiny over DHS policies. These actions are occurring amidst political maneuvering for upcoming elections.
Trump Administration Policies and Political Maneuvering
The Trump administration is actively engaged in various policy initiatives and political battles. This includes efforts to influence elections, address economic concerns, and navigate internal party dynamics, while also facing scrutiny over actions related to immigration and AI technology.
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
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PoliticsUS to release 172 million barrels of oil from strategic petroleum reserve - Reuters
<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxNbE1OVmJKOVFvZXRRU2JycHNBXy1ycjdJdTY5SFJYY2pkeHJwVy13ZkJJQk5ZY3VzTGlCVm9hMVBVZ0hZY1NSWlNBUWlLRkpqa0JqUmNOcjBJZlZpSUc3aHBQWGQ1czFNaVBvRU9wWTYwQ0NWTFBFRmlLd2JJMjgtcWV4OXRlWWZvakJ6TDJvUWNCY2hhVjZCbktXcWNCVS16VENVSERhdnQ0NmRoNjVFM3FXTDc?oc=5" target="_blank">US to release 172 million barrels of oil from strategic petroleum reserve</a> <font color="#6f6f6f">Reuters</font>
GlobalU.S. to release 172 million barrels of oil from Strategic Petroleum Reserve as prices surge
Energy Secretary Chris Wright said Wednesday that the United States will release 172 million barrels from the Strategic Petroleum Reserve as part of the International Energy Agency's efforts to combat steep oil prices amid the Iran war.
PoliticsTrump signs executive orders aimed at addressing home affordability concerns ahead of midterms - AP News
<a href="https://news.google.com/rss/articles/CBMilAFBVV95cUxOQkdiT0VoNm55SEVsUkFROF92T1F0WVNCWlk3czFyQUhlTUVwTkJKWkZCZTh5eFFsYVFOMDJVZjNRLXBPX1ZBWUE2UmFuWDlYQWR4Q1dmLUNnbF9VZjc0NU1KOWF4azBlclZ2MkFqaHk3WDg0SHV0Qm5icE5HLUJDTmh5RHFkMS1CNjdPOWpXNVU2NF9X?oc=5" target="_blank">Trump signs executive orders aimed at addressing home affordability concerns ahead of midterms</a> <font color="#6f6f6f">AP News</font>
FinanceCould tapping the Strategic Petroleum Reserve lower gas prices?
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
GlobalWhy Oil Prices Surged Even After the Release of Strategic Reserves
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
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Despite a dip in job approval ratings, President Trump is still beating out former Vice President Kamala Harris (D) and California Gov. Gavin Newsom (D) in an overall popularity contest. In new NBC News survey results released on Monday, 41 percent of respondents expressed favorable views of the president. Only 34 percent of those polled…
Judge blocks Trump administration's subpoenas against Fed Chair Powell
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
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