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Democrats and Chuck Schumer blocked President Trump when he wanted to refill it while oil prices had collapsed to around $20 per barrel

Doug Burgum just pulled the curtain back on what happened with the Strategic Petroleum Reserve


By News on the Net -- ⁿᵉʷˢ Barron Trump——--March 9, 2026

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According to Burgum, Trump saw a rare opportunity to secure America’s energy reserves at historically low prices, strengthening the country’s strategic position for years to come. Instead, that plan was stopped in Washington.

What happened later went in the opposite direction. The reserve was drained heavily during the Biden years, with Burgum arguing it was done to ease gas prices before the midterm elections rather than to protect long-term energy security.

Now the focus has shifted back to confronting the instability coming from the Iranian regime, which Burgum says has spent decades holding global energy markets hostage. Removing that pressure from the system could reshape oil prices, economic stability and security across the world for years to come.


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