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Search results for "U.S. crude oil stockpiles declined"

People (10)

Fact-checks (14794)

Donald Trump stated on March 31, 2022 in a public statement:
The Strategic Petroleum Reserve has “been mostly empty” for decades.
By Louis Jacobson• April 1, 2022
John McCain stated on April 10, 2008 in a speech in Brooklyn, N.Y.:
If the U.S. stops adding to the Strategic Petroleum Reserve, it "will lessen worldwide demand for oil" and reduce prices.
By Wes Allison• April 16, 2008
Barack Obama stated on August 04, 2008 in :
On using the Strategic Petroleum Reserve.
By Robert Farley• August 5, 2008
John Kerry stated on June 06, 2010 in an interview on ABC's "This Week'':
"We now actually import more oil than we did before 9/11."
By Louis Jacobson• June 7, 2010
Scott Bessent stated on May 18, 2025 in remarks on NBC's "Meet the Press":
“Gasoline prices have collapsed under President Trump."
By Louis Jacobson• May 20, 2025
Facebook posts stated on February 12, 2021 in a Facebook post:
“The United States was energy independent in 2019 for the first time since 1957. In just 10 days we are sent back 50 years.”
By Tom Kertscher• February 18, 2021
Donald Trump stated on November 21, 2018 in a tweet:
Just before Thanksgiving, oil was $54 a barrel, down from $82. "Thank you to Saudi Arabia."
By Kyra Haas, Louis Jacobson• November 26, 2018
Raphael Warnock stated on April 05, 2022 in a letter to President Joe Biden:
“While the initial increase in oil prices resulted in a near instantaneous increase in gas prices for consumers, the subsequent decrease in crude oil prices has failed to meaningfully provide relief for Georgia's families at the pump.”
By Louis Jacobson, Amy Sherman• April 20, 2022
Jeb Bush stated on September 29, 2015 in his energy plan:
"Since 2008, U.S. crude oil output has increased by over 80 percent, an increase of over 4 million barrels a day. That is the fastest increase in U.S. history."
By Joshua Gillin• October 2, 2015
Barack Obama stated on January 18, 2012 in a campaign commercial:
"For the first time in 13 years, our dependence on foreign oil is below 50 percent."
By Stephen Koff• January 26, 2012
Eric Hovde stated on March 29, 2012 in a radio ad:
"The failed economic policies" of President Barack Obama, the Democrats and the Federal Reserve "are making gas prices higher while America’s economy is running on fumes."
By James B. Nelson• May 4, 2012
Facebook posts stated on March 14, 2022 in a Facebook post:
Comparing the price of oil and gas in June 2008 to March 2022 shows that oil companies are “price gouging.”
By Madison Czopek• March 17, 2022
Chris Wright stated on March 12, 2026 in an interview with Fox News:
The U.S. produces “more oil than we can consume. We’re a net oil exporter.”
By Louis Jacobson• March 13, 2026
Charles Schumer stated on July 23, 2017 in an interview on ABC's "This Week":
"When the price for oil goes up on the markets, it goes right up, but it never goes down."
By Louis Jacobson• July 25, 2017
Jack Kingston stated on April 12, 2012 in :
Under President Barack Obama’s watch, "oil production on federal lands has decreased 14 percent over the past year."
By Willoughby Mariano• April 24, 2012
Barry DuVal stated on September 25, 2015 in an interview:
"We're the only major oil-producing nation in the world with a self-imposed ban on exporting our crude oil to other nations."
By Sean Gorman• September 17, 2015
Facebook posts stated on March 10, 2021 in a Facebook post:
Diesel prices jumped from $1.69 to $3.19 since Biden took office, and the president is to blame.
By Eric Litke• March 17, 2021
Kirsten Gillibrand stated on March 27, 2017 in an interview in the Press-Republican newspaper in Plattsburgh:
The Keystone XL pipeline "doesn’t even have any oil for America."
By Dan Clark• April 16, 2017
Facebook posts stated on November 19, 2021 in a Facebook post:
Low gas prices in Russia, Kuwait and Saudi Arabia show that Joe Biden’s decision to cancel the Keystone Pipeline project is to blame for U.S. prices.
By Tom Kertscher• December 1, 2021
Bill Nelson stated on June 11, 2009 in during a U.S. Senate debate:
"The truth is any oil that would be drilled could be sent to any other country in the world, reducing our use of foreign oil not by one single drop."
By Aaron Sharockman• October 5, 2009

Articles (5318)

Why is the US selling stockpiled oil to China? We have answers

By Louis Jacobson• July 11, 2022

McCain energy claim low on fuel

By Wes Allison• April 16, 2008

Ask PolitiFact: What is the Strait of Hormuz and how does it affect oil prices?

By Louis Jacobson, Zoe Weyand• March 11, 2026

Fact-checking Donald Trump on promised U.S. oil company investment in Venezuela

By Louis Jacobson• January 5, 2026

In uncertain times, fact-checkers are working with special urgency

By Louis Jacobson• April 2, 2026

With time and money, US can replace banned Russian imports with domestic oil

By Madison Czopek• March 9, 2022

Not just oil: How the Strait of Hormuz blockage affects US consumers, from fertilizer to helium

By Louis Jacobson• April 6, 2026

Obama wrong about oil imports to U.S.

By Catharine Richert• July 8, 2009

Gasoline prices: Where they stand now, and why

By Louis Jacobson• October 25, 2022

Trump says he left Biden a perfect economy, but the facts say otherwise

By Matthew Crowley, Louis Jacobson, Maria Ramirez Uribe, Yacob Reyes• November 16, 2022

Joe Biden’s release of oil from the Strategic Petroleum Reserve: What you need to know

By Louis Jacobson• November 24, 2021

Fact-check: What Trump said about ‘$6 billion to Iran,’ immigration, economy at New Hampshire rally

By Matthew Crowley, Louis Jacobson, Maria Ramirez Uribe, Amy Sherman• October 9, 2023

Ask PolitiFact: Fact-checking Harris, Trump’s AARP interviews

By Louis Jacobson• October 6, 2024

Ask PolitiFact: What does the Iran war mean for US gasoline prices?

By Louis Jacobson• March 4, 2026

Ask PolitiFact: Why are gas prices going up?

By Jon Greenberg, Louis Jacobson• March 9, 2022

Strait of Hormuz: What to know about the crucial oil passage Iran might block following US strikes

By Madison Czopek, Ella Moore• June 23, 2025

McCain's drilling won't dent gas prices

By Robert Farley• June 19, 2008

Did the Koch brothers run an Alaskan oil refinery into the ground?

By Julie Kliegman• April 21, 2014

The truth on the bus goes round and round...

By Robert Farley, Louis Jacobson• June 3, 2011

Obama and Romney on the economy

By Eric Stirgus• October 28, 2012