2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
Read MoreStrategic Petroleum Reserve
Energy Department Purchases Four Million Barrels for Petroleum Reserve
Energy secretary says the department is “maintaining the readiness of the world’s largest Strategic Petroleum Reserve.” The Department of Energy (DOE) announced that it purchased 4.65 million barrels…
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Administration to Release of 1 Million Barrels of Fuel from Northeast Reserve
The sale of the gasoline is intended to bring down consumer prices. The U.S. Department of Energy’s Office of Petroleum Reserves announced that 1 million barrels of gasoline…
Read MoreEnergy Department Cancels Oil Purchases for Strategic Petroleum Reserve
The administration cites high oil prices for the delay in refilling low stock. The Department of Energy (DOE) announced it has canceled two upcoming oil purchases that would…
Read MoreEnergy Secretary Says SPR Will Be Refilled In The Next Presidential Term
The emergency oil stockpile is at a 40-year low. U.S. Secretary of Energy Jennifer Granholm recently stated that the oil levels of the Strategic Petroleum Reserve (SPR) will…
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Administration Offers Congress Reassurance on SPR
Legislators receive a letter from Energy Department. Congress received a letter from the Department of Energy earlier this month, offering the administration’s response to congressional concerns about the…
Read MoreGas Prices at the Pump Going Up Again
Nation seeing its fifth straight week of increase. According to data compiled by Gas Buddy, Americans are likely to see gasoline prices reach $4 a gallon and more. In…
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Secretary Granholm Expects Veto of SPR Bill
The secretary conveyed executive sentiments at a White House press briefing. Secretary of Energy Jennifer Granholm spoke at a White House press conference on Monday, where she shared…
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Energy Secretary Responds to Proposed Legislation
Strategic Production Response Act would limit presidential authority over Strategic Petroleum Reserve. Energy Secretary Jennifer Granholm sent a letter to majority members of the House, expressing her concern…
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House Bill Bans Strategic Petroleum Sales to China
Energy Department lacks funds to replenish reserves. The House of Representatives passed a bill that bans releases of oil from the U.S. Strategic Petroleum Reserve from being sold…
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