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Now, the Trump regime, having already throttled Venezuelan production, is talking about taking more oil off the market, by adding to the SPR. The SPR is redundant, because the US has more than enough domestic production to meet current needs, so why would Trump want to put more in the SPR, other than to tighten supplies on the market?Longish article from Fox Noise about how Biden drew down the SPR, by about 300M barrels to try to manage gas prices down, how the SPR is now largely irrelevant, due to increased domestic production, yet how God on Earth Trump intends to refill the SPR "to the top". Why would Trump want to refill storage that is irrelevant, if not to tighten supply, to push prices upward?
Trump’s energy dominance rewrites the Strategic Petroleum Reserve after Biden drawdowns
"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.
Since returning to office, Trump has used executive authority to fast-track domestic energy production, including signing an order titled "Unleashing American Energy" aimed at rolling back regulatory barriers and accelerating permitting for oil and gas projects. The administration also moved to restart and speed reviews of liquefied natural gas export approvals, reversing the Biden-era "pause" approach and positioning U.S. natural gas exports as a centerpiece of its energy strategy.
A Trump official explained to Fox Digital in December 2025 that the administration is working to "gradually" refill the Strategic Petroleum Reserve with oil, while citing significant "damage" left to the reserve following the Biden administration releasing millions of barrels of oil in 2021 and 2022. https://www.msn.com/en-us/money/markets/trump-s-en...That official noting the SPR will be refilled "gradually", is telling. They are trying to signal they aren't going to be pumping 1Mbpd in, which would measurably tighten supply, but I would not be surprised if they did, particularly at the times of the year when demand, and prices, spike, just like Bush 43 did.
August 9, 2007
Bush seeks $168 mln for SPR fill in 2008 budgethttps://www.reuters.com/article/world/bush-seeks-1...May 17, 2008,
Under pressure, Bush stops adding to US petroleum reserve
Faced with a veto-proof congressional mandate to stop adding oil to America's emergency reserve, President Bush is closing the spigot. But hopes that the move would lower oil prices have so far failed to materialize.
On Friday, oil closed over $126 a barrel, up more than $2.50. Gasoline prices also hit a record Friday – $3.79 a gallon, according to the AAA car club.
The issue of filling the SPR had become a political football in recent weeks. President Bush wanted to continue filling the SPR with another 24 million barrels of oil. However, the major presidential candidates – Sens. John McCain, Hillary Rodham Clinton, and Barack Obama – were all opposed. On Tuesday, Congress passed legislation mandating the president immediately halt adding to the oil reserve.https://www.csmonitor.com/Business/2008/0517/p25s1...Steve
