Strategic Oil Reserve Nears Collapse⦠US Must Choose: Guns or Butter, by Larry C. Johnson
21 June 2026 at 05:00
As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil⦠Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according...