The IEA wants to empty its oil reserves faster. A federal watchdog says the U.S. isn’t ready for what comes next

The International Energy Agency (IEA) is expediting the release of its record 400-million-barrel oil reserve, aiming to ease spiking diesel prices. Meanwhile, a U.S. federal watchdog warns that the U.S. Strategic Petroleum Reserve is aging, shrinking, and lacks a target size.