Trump directs the US Strategic Petroleum Reserve (SPR) to release oil into the world market after Saturday’s attacks in Saudi Arabia; Trump: 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: There is reason to believe that we know the culprit, are locked and loaded depending on verification.

In the wake of Saturday’s attacks In Saudi Arabia, President Trump has announced the release of oil from the US Strategic Petroleum Reserve (SPR) in an attempt to supply oil to the world market until the situation is resolved. Additionally, there will be accountability as to the limit of oil that the President is willing to provide.

The POTUS took his announcement to Twitter, stating, “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…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 recent attacks in Saudi Arabia came with no small impact. Economically, the damage done is unprecedented. Aramco (Saudi Arabia), the number one oil production facility on the planet, has cut their daily oil output in half. They are now exporting approximately 5.7 million barrels per day. In August, they exported almost 10 million barrels per day.

While the impact is of no small consequence, the response from Saudi Arabia and the United States toward whoever is responsible may be equivalent or worse. President Trump tweeted, “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!”

In another tweet, Trump strongly pointed his finger at the Iranian Regime.