First on CNN: Biden administration launches plan to refill emergency oil reserve

CNN ^ | 5-5-22 | Matt Egan

[dynachrome]

The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America's emergency oil reserve, an Energy Department official told CNN.

This would mark the first time since the early 2000s that the Energy Department has acquired large quantities of oil for the US Strategic Petroleum Reserve (SPR), the largest emergency supply of oil on the planet. The Energy Department plans to announce the launch of the long-term buyback plan on Thursday to show officials are serious about eventually refilling the SPR, which has been drained by the war in Ukraine and sales mandated by Congress to raise revenue.

[ridesthemiles]

Trump proved that ANY country needs to be run by a successful businessman

[Iron Munro]

Unidentified Leaker Reveals Draft Of Biden Top Secret Plan To
Restock U.S. Strategic Oil Reserve Before November Election

[WeaslesRippedMyFlesh]

With what? Concrete?