President Donald Trump has ordered the release of 172 MILLION barrels of oil from the United States’ Strategic Petroleum Reserve (SPR) to combat record-high energy prices triggered by the ongoing war with Iran.
The release, one of the largest in American history, will begin next week and will take approximately 120 days to complete, according to Energy Secretary Christopher Wright.
This coordinated move comes after 32 member nations of the International Energy Agency (IEA) unanimously backed President Trump’s request for a massive 400 million barrel global release to stabilize markets and protect American drivers and families.
U.S. Secretary of Energy Chris Wright released the following powerful statement, underscoring Trump’s ironclad commitment to American energy security:
“Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves.
“As part of this effort, President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week. This will take approximately 120 days to deliver based on planned discharge rates.
“President Trump promised to protect America’s energy security by managing the Strategic Petroleum Reserve responsibly and this action demonstrates his commitment to that promise. Unlike the previous administration, which left America’s oil reserves drained and damaged, the United States has arranged to more than replace these strategic reserves with approximately 200 million barrels within the next year—20% more barrels than will be drawn down—and at no cost to the taxpayer.
“For 47 years, Iran and its terrorist proxies have been intent on killing Americans. They have manipulated and threatened the energy security of America and its allies. Under President Trump, those days are coming to an end.
“Rest assured, America’s energy security is as strong as ever.”
Trump is already lined up replacements that will leave the SPR stronger than before, including massive new supplies from Venezuela (as TGP reported in January when Trump announced 30-50 million barrels heading our way).
The post President Trump Orders MASSIVE 172 MILLION Barrel Oil Release from Strategic Petroleum Reserve to Crush Energy Prices appeared first on The Gateway Pundit.