UPDATE: Trump responds to drone attacks in Saudi Arabia that disrupted crude oil output

TheHill.com:

President Trump on Sunday announced he had authorized the use of the U.S.’s emergency oil reserve in response to a series of drone attacks in Saudi Arabia that have disrupted the Gulf country’s crude output.

“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” Trump said in a series of tweets. “I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.”

The article goes on to state the following:

Established in the 1970s in response to the Arab oil embargo, the Strategic Petroleum Reserve is the world’s largest crude oil stash. Located along parts of the U.S. Gulf Coast, it has been used a handful of times times since its conception: during the first Gulf War in 1991, after Hurricane Katrina hit in 2005 and following supply chain disruptions in Libya in 2011.

 

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