caverns Archives - Citizen Watch Report

Frequent SPR oil draws break old salt caverns while US gas power costs hit 17-year high.

July 13, 2026 3:03 pm

SPR gets drained hard for price control but the old caverns crack and leak from it. Power costs climb to 17-year highs as data centers suck up electricity. Gas, solar, and wind all get more expensive at once. The whole energy backup and supply system looks ready to crack under current pressure. US pulled 352 …

Massive US Oil Caverns Sit Empty in Threat to Energy Security (Biden Has Drained 46% Of Strategic Petroleum Reserve, Gasoline Prices UP 48% Under Bidenomics, US Dollar Down -12.5% Since September 2022)

July 18, 2023 10:13 amJuly 17, 2023 9:43 am

by confoundedinterest17 So far, President Biden has drained almost 50% of the Strategic Petroleum Reserve (SPR) under his Reign of Error. And regular gasoline prices are up 48% since Biden assumed the Presidency on Jan 20, 2021. We have massive caverns for oil storage that are sitting empty. Then we have the US Dollar, down -12.5% …