US oil reserves hit 43-year low, Biden admin criticized for maintenance failures

FOX Business' Edward Lawrence reports on the Strategic Petroleum Reserve's decline due to releases and the Biden administration's failure to maintain storage sites, rendering one unusable.

U.S. oil reserves fell to a 43-year low, the lowest since 1983, amid rising Middle East tensions. FOX Business' Edward Lawrence explains the decline in the Strategic Petroleum Reserve is exacerbated by the Biden administration's failure to maintain storage sites, leading to one critical facility becoming unusable, impacting national energy security.