Biden’s SPR Gambit Raises Prices For Americans
The Biden administration is soliciting bids for up to 3 million barrels of sour oil—one tanker’s worth–to refill the emergency reserve stockpile depleted by President Biden’s pre-election releases. Deliveries into the U.S. Strategic Petroleum Reserve (SPR) are planned for August, with awards to be announced in June. The announcement marks the agency’s second attempt to begin […]