The Biden Administration Is Considering Refilling The SPR This Fall

The federal U.S. government could begin buying crude oil to refill the strategic petroleum reserve this fall, the President’s special coordinator for global infrastructure and energy security has said. “I think as we get into the early fall, if prices are in the right place, we are still 100% committed to replenishing the SPR over a period of time,” Amos Hochstein said, as quoted by Bloomberg, in what appears to be the latest episode in a series of back-and-forth on the SPR’s refilling between the White House and the…