Fox Business correspondent Edward Lawrence recently reported on a big problem that the Biden administration left with the Strategic Petroleum Reserve (SPR).
He explained to Fox News anchor Harris Faulkner how the SPR was now at a 43-year low, noting how the Biden administration had drained 180 million barrels before the 2022 midterm elections.
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It was clearly for political reasons to help in the elections, not for the reason you're supposed to do it - for emergencies in the market supply. Then Biden never fully refilled it, Lawrence explained. But it gets worse than that.
🚨 WTF?! It's been exposed that the US Strategic Petroleum Reserve has been DESTROYED by the Biden admin, with one site left "INOPERABLE," forcing President Trump to clean up the mess and surge investments to fix everything
— Eric Daugherty (@EricLDaugh) July 20, 2026
"The previous administration also left one of the four… pic.twitter.com/DZba0zLd2n
The current Undersecretary of Energy, Kyle Haustveit, who is now in charge of the SPR, detailed to Lawrence in an interview how the prior administration even left one of the four SPR sites inoperable. Haustveit said the Trump team now had to get more equipment to that site because the Biden team bought equipment to repair the site, and then just left it out to deteriorate. Because of the weather, it's no longer usable. The Biden administration "completely wasted taxpayer dollars" on that, Haustveit said, and then it "sat on surface" and they "didn't install" it.
"They also failed to maintain some of the sites," Haustveit also revealed. He told Lawrence he thought the Biden team didn't have any long-term plan for maintenance or working on the sites. So now the Trump administration has to do it to make up for the mess that was left by the prior administration.
Crazy. Not only draining it for the wrong reasons and putting us in danger thereby, but wasting our money and not even properly maintaining the reserve when it is such a critical resource for national security. Now that releasing oil might make sense, not for political reasons - but for the right reasons - supply issues, Biden's actions have made that more problematic because you don't want to let it get too low.
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Lawrence further explained that while the Trump administration had been releasing some of the supply to deal with the current situation with Iran, cooperating in an effort coordinated by the International Energy Agency (IEA) of worldwide strategic supplies to stabilize global energy markets, for everything they are releasing, they would replace it with more in a swap program. So they're looking out for the reserve and making sure that it isn't going to be depleted further or messed up like it was under Biden.
Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.
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