172 Million Barrels of Oil to Be Released From US Strategic Petroleum Reserve
The move follows an earlier announcement by the International Energy Agency, whose member nations pledged to make 400 million barrels of oil available.
A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the background during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, on June 9, 2016. Richard Carson/Reuters
The Trump administration is tapping into the U.S. Strategic Petroleum Reserve to ease rising gas prices amid the war with Iran, the president said Wednesday.
The Department of Energy announced 172 million barrels of oil will be released beginning next week.
Troy Myers
Author
Troy Myers is a regional reporter based in St. Augustine, Florida. His background includes breaking, criminal justice, and investigative writing for local news, producing on a national morning newscast in Washington, D.C., and working with an award-winning, weekly investigative news program. In his free time, he enjoys spending time with his dog at the beach.
