Strategic Oil Reserve Nears Collapse… US Must Choose: Guns or Butter, by Larry C. Johnson

Jun 21st 2026 12:00am EDT

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…

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