The Biden Administration has abruptly cancelled its plan to purchase roughly 3 million barrels of oil in order to help refill the nation’s strategic petroleum reserve (SPR).
The reserve currently contains 363.6 million barrels of oil, a 43 percent decline from when Biden took office in 2021. Biden authorized releases from the SPR in late 2021 in order to alleviate skyrocketing gas prices.
In ...
Continue reading this trending politics article: Biden Administration Cancels Order To Refill Strategic Petroleum Reserve After Depleting It To Record Lows
The reserve currently contains 363.6 million barrels of oil, a 43 percent decline from when Biden took office in 2021. Biden authorized releases from the SPR in late 2021 in order to alleviate skyrocketing gas prices.
In ...
Continue reading this trending politics article: Biden Administration Cancels Order To Refill Strategic Petroleum Reserve After Depleting It To Record Lows
