Authored by Robert Rapier via OilPrice.com, The Biden Administration has sold 266 million barrels of oil from the Strategic Petroleum Reserve since his inauguration. In October, with prices still above $80, the administration announced that […]
Authored by Bruce Wilds via Advancing Time blog, One of Biden’s answers to combating higher gas prices has been to tap into America’s oil reserves. While I was never a fan of the U.S. Strategic […]
It could take years for the United States to refill the Strategic Petroleum Reserve, the U.S. energy secretary told lawmakers on Thursday, after sales directed by President Joe Biden last year pushed the stockpile to […]
Earlier this week, the Biden administration rejected the first bids from companies offering to sell crude oil into the strategic petroleum reserve of the country. The tender followed a record release of 180 million barrels throughout 2022. […]
In an effort to bring down the skyrocketing price of oil earlier this year, the Biden administration thought it would be a good idea to raid the country’s Strategic Petroleum Reserve, better known as the […]
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year’s record 180 million barrel release from the stockpile. The […]
Authored by Patrice Douglas via RealClearEnergy.org, Our nation’s Strategic Petroleum Reserve (SPR) is running dangerously low. New statistics released indicate our national emergency oil stockpile, which is intended to protect the United States from unexpected […]
Beginning in November 2021, President Joe Biden’s administration has used the Strategic Petroleum Reserve (SPR) to combat rising gas prices. In March of 2022, the administration announced a new release of 180 million barrels of […]
How the Biden administration addresses the shortage of distillate fuel oil in the United States will show if President Joe Biden will put America first, said an industry insider. “From the consumers’ standpoint, [it will show] who […]
A remarkable political consensus has emerged: the world needs more oil. Confirmation of that reality didn’t come from any oil executive but from President Biden, who recently admonished U.S. oil companies “to deploy these record-breaking profits to […]
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