The MeidasTouch Podcast

Snapshot · The MeidasTouch Podcast

Fox News Turns on Trump After Iran Reversal

Explore episode Jul 27, 2026

Where this was said

Strategic Petroleum Reserve at 'Tank Bottom'

At 14:47 · chapter starts 14:46

The Fox News segment on the Strategic Petroleum Reserve becomes an unexpected moment of candor on 'state regime media.' Guest Riggs acknowledges that the SPR is at 'tank bottom' — critically depleted — and expresses concern that the country needs to start refilling reserves rather than drawing them down further. The host tries to frame Biden's earlier SPR release as politically motivated, but Meiselas points out that Riggs himself acknowledged the Biden trade was financially sound. The segment plays into Meiselas's broader argument: the US is simultaneously running low on munitions, oil reserves, and diplomatic goodwill in the Middle East — a three-legged stool of incapacity that makes Trump's war escalation rhetoric hollow.

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