Strategic Petroleum Reserve
GOP U.S. House passes bill opening more public land to development if reserve oil is tapped
U.S. House Republicans passed a bill Friday to force the White House to make more federal land and waters available for oil and gas development if the president orders the withdrawal of more oil from the Strategic Petroleum Reserve. The bill, passed 221-205, mostly along party lines, would strip the president’s power to remove oil from […]
Biden OKs release of 1 million barrels of oil a day from reserve, calls for supply boost
President Joe Biden called Thursday for U.S. energy companies to do their part in lowering gasoline prices by boosting supplies of oil, saying the industry should plow record profits back into increased production. Biden also said he would release 1 million barrels of oil from the Strategic Petroleum Reserve daily for the next six months […]
Biden opens oil reserve to relieve high gas prices — but it won’t be immediate
As gasoline prices spiral ahead of the big holiday travel season, President Joe Biden authorized the release of a record 50 million barrels of oil from the Strategic Petroleum Reserve Tuesday — complicating his administration’s goal to transition to cleaner energy sources. In prepared remarks, Biden said he coordinated the release from the reserve, a complex […]