Trump’s latest move to secure U.S. supply of irreplaceable materials is a callback to a Nixon-era strategy.

In a move that mirrors the ‘Strategic Petroleum Reserve’ created after the oil shock of the 1970s, President Donald Trump has ...

Following the 1970s oil crisis, Congress created the Strategic Petroleum Reserve (SPR) as America’s insurance policy against global energy supply disruptions. For nearly half a century, this emergency ...

The plan is being called Project Vault, and will utilize a mix of loans from the U.S. Export-Import bank and private capital.

Strategic Petroleum Reserve less critical to U.S. security as domestic oil production surges under Trump administration policies, economist Diana Furchtgott-Roth explains.

The United States’ Strategic Petroleum Reserve hit a four-decade low in mid-2023—at 347 million barrels, or less than half the reserve’s capacity—and today stands at 410 million barrels or 57% of the ...

By Arathy Somasekhar and Jonathan Saul HOUSTON/LONDON, Jan 16 (Reuters) - The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the ...

Oil prices are on the rise, and with them so are rumors of a possible release from the Strategic Petroleum Reserve. I’m ambivalent about the wisdom of a release later this year, on both economic and ...

Rethinking the role of the Strategic Petroleum Reserve The United States’ Strategic Petroleum Reserve hit a four-decade low in mid-2023—at 347 million barrels, or less than half the reserve’s capacity ...