The Biden Administration took one more baby step towards refilling the nation’s Strategic Petroleum Reserves (SPR), announcing on Friday a request for proposal for another 3 million barrels of crude oil for May delivery. The Strategic Petroleum Reserve started out at the onset of the current administration’s term with 638.
1 million barrels in storage—the nation’s rainy day oil fund. But by the end of 2021, more than 44 million barrels had been sold off. In 2022, a whopping 221 million barrels had been sold off…Biden Administration Plugs Away At Refilling Oil Stockpiles
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