President Trump is launching a $12 billion stockpile of critical and rare-earth minerals, called “Project Vault,” to reduce ...
Following the 1970s oil crisis, Congress created the Strategic Petroleum Reserve (SPR) as America’s insurance policy against global energy supply disruptions. For nearly half a century, this emergency ...
WASHINGTON (AP) - When President Joe Biden ordered the release of 50 million barrels of oil from America’s strategic reserve to help reduce energy costs, he was taking aim at a growing burden for ...
Trump’s latest move to secure U.S. supply of irreplaceable materials is a callback to a Nixon-era strategy.
The United States’ Strategic Petroleum Reserve hit a four-decade low in mid-2023—at 347 million barrels, or less than half the reserve’s capacity—and today stands at 410 million barrels or 57% of the ...
Union Home Minister Hardeep Singh Puri addressed the Rajya Sabha, stating that India's petroleum reserves can sustain the ...