Key Highlights
- security and economic stability — even after President Joe Biden’s drawdowns drove stockpiles to modern-era lows, an economist and energy expert explained to Fox News Digital.
- As the Trump administration works to gradually replenish the Strategic Petroleum Reserve following record releases under the Biden administration, Diana Furchtgott-Roth, director of The Heritage Foundation's Center for Energy, Climate and Environment, told Fox News Digital that the decades-old emergency oil stockpile no longer plays the same central role it once did. President Donald Trump's policies of "unleashing" energy and his "drill, baby, drill" mantra are key as to why, following the U. S.
- as domestic supply rose and demand shifted.
- "I don't think for the security of the United States, for the economy of the United States, I don't think the SPR is as important as it was 25, 30 years ago because now we are one of the greatest oil and natural gas producers in the world," Furchtgott-Roth said.
- US MILITARY SEIZES ANOTHER FUGITIVE OIL TANKER LINKED TO VENEZUELA The Trump White House said that the administration is gradually refilling the Strategic Petroleum Reserve after it was partially drained under the Biden administration.
