U.S. oil reserve at ‘lowest level we’ve ever seen’: Economics expert breaks down the impacts

BAKERSFIELD, Calif. (KGET) -- Our nation's emergency stockpile is now at historically low levels according to the U.S. Department of Energy. Professor of Economics Dr. Richard Gearhart from CSUB breaks down what the dwindling Strategic Petroleum Reserve (SPR) means globally and for us here at home. Watch the full interview in the video player above.