The following provides a brief description of the times when crude oil has been  released from the Strategic Petroleum Reserve (SPR). Emergency Drawdowns:  The SPR exists, first and foremost, as an emergency response tool the President  can use should the United States be confronted with an economically-threatening  ...
Aug 31, 2017 ... The U.S. government will release 1 million barrels of oil from the Strategic  Petroleum Reserve to a Gulf Coast refinery, the first emergency discharge in five  ... Trump's predecessor Barack Obama asked Congress to auction a fraction of  the oil to help fund $2 billion in upgrades to the 60 underground caverns ...
The Strategic Petroleum Reserve (SPR) is the world's largest supply of  emergency crude oil. ... Decisions to withdraw crude oil from the SPR are made  by the President under the authorities of the Energy Policy and Conservation Act  (EPCA). ... IEA countries released all together a total of 60 million barrels of  petroleum.
May 22, 2017 ... The White House plan to trim the national debt includes selling off half of the  nation's emergency oil stockpile and the entire backup gasoline supply, part of a  broad series of changes proposed by President Donald Trump to the federal  government's role in energy markets.
On November 13, 2001, shortly after the September 11 terrorist attacks, President  George W. Bush announced that the SPR would be filled, saying, "The Strategic  Petroleum Reserve is an important element of our Nation's energy security. To  maximize long-term protection against oil supply disruptions, I am directing the ...
The president released all of the oil from the Strategic Oil Reserve.