Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months
Green Car Congress
APRIL 1, 2022
Biden said that his administration would restock the reserve when prices are lower. The total volume sold during the Desert Storm drawdown was just over half the amount offered by the Government, primarily because industry offers for the higher-sulfur “sour” crude oil were substantially lower than bids for the lower-sulfur “sweet” crude.).
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