Tag: strategic petroleum reserve
U.S. advances oil reserve revamp plan, potential crude sale
Oil reserve revamp plan includes new marine terminals, infrastructure repairs WASHINGTON, Sept 7 (Reuters) – The Obama administration has sent Congress a plan to modernize the country’s emergency oil reserve, a step that could set in motion a sale of about 8 million barrels from the stash later this year to help pay for the […]
Selling Strategic Petroleum Reserves bolsters energy security
Strategic Petroleum Reserve protects against supply disruptions that could cause price spike This week’s budget deal between the White House and top lawmakers sells off a chunk of oil in the Strategic Petroleum Reserve (SPR) to raise general revenue for the government’s coffers and offset part of the budget deal’s cost. Like many, I have argued […]
Connect
Connect with us on the following social media platforms.