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re: U.S to Sell 26 Million More Barrels of Oil from Strategic Petroleum Reserve
Posted on 2/15/23 at 10:33 am to fightin tigers
Posted on 2/15/23 at 10:33 am to fightin tigers
The 2015 budget act included an authorization for SPR sales as part of a modernization effort among other justifications, and the authorization was for up to 150 million barrels between 2017 and 2025.
Biden sold more than that just in the last year, so the claim that this is a congressionally mandated sale is dubious.
Biden sold more than that just in the last year, so the claim that this is a congressionally mandated sale is dubious.
1
Posted on 2/15/23 at 11:01 am to GRTiger
quote:
Biden sold more than that just in the last year, so the claim that this is a congressionally mandated sale is dubious.
The amount set was per year, not a total amount. They are still forced to sell a certain amount per year.
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