America’s Oil Safety Net Is Shrinking For decades, the Strategic Petroleum Reserve (SPR) was America’s insurance policy. Oil stored deep in massive salt caverns along the Gulf Coast. A shield against war. A buffer against global chaos. At its peak in 2011, the reserve held 727 million barrels. Today? Just 415 million barrels remain. Roughly 58% of capacity. And now Washington wants to release another 172 million barrels. That’s not strategy. That’s desperation. A Global Energy Crisis Is Brewing The trigger for this emergency move is unfolding overseas. Iran has effectively shut down the Strait of Hormuz — one of the most critical oil arteries on Earth. About 20% of the world’s oil supply flows through that narrow passage. If…

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