Geopolitics
Half of US Strategic Petroleum Reserve Releases Sent to Europe Under Current Administration
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They're HIDING THIS! America May Run Out of Emergency Oil THIS MONTH
"Half of all the SPR barrels that have been released have gone overseas. So this is Trump using America's SPR to help keep prices a little bit cheaper in Europe. And last I checked, Europe doesn't even like us that much."
Chris Martinson reveals that 50% of Strategic Petroleum Reserve releases have been exported to Europe, including to Germany, rather than used domestically. This comes as the U.S. drains its emergency oil stockpile to historic lows while American consumers still face high gas prices. Martinson argues this policy uses American strategic reserves to subsidize European energy prices following the destruction of the Nord Stream pipeline.
From this episode
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