Strategic Petroleum Reserve

Aerial view of cylindrical silver oil tanks

Use or Misuse of the Strategic Petroleum Reserve?

Rising gasoline prices prompted President Biden to announce on October 19 that he was authorizing the release of 15 million barrels of crude oil from the nation's Strategic Petroleum Reserve.

November 3, 2022 - The Washington Post

Gas Pumps

Waging War on High Gas Prices

America is not at war, but that didn't stop President Joe Biden from calling the largest release of oil from the nation's Strategic Petroleum Reserve that he authorized on March 31 to lower oil prices, a 'wartime bridge.'

April 6, 2022 - Washington Examiner

pallets of green oil barrels stacked

Biden Orders Release from Strategic Petroleum Reserve: What's the Emergency?

The purpose of the Strategic Petroleum Reserve is to maintain oil flow to refineries during national emergencies when oil supplies are disrupted. What national emergency prompted President Biden to order the release of 50 million barrels?

November 29, 2021 - CNBC

The Seat of Government

Transportation Reauthorization Now a Done Deal

The plan, now five years rather than six, still needs the sign-offs from both chambers before being sent to the president for his signature on Friday according to POLITICO. Ironically, another extension will be needed to allow a signing ceremony.

December 3, 2015 - Politico Morning Transportation

Selling the Nation's Strategic Assets to Fund Road Construction

What happened to the "strategic" in the nation's Strategic Petroleum Reserves? As Politico reveals, heretofore these oil reserves have only been sold when the nation's oil supply was threatened. Republicans leaders now view the SPR as a cash cow.

July 24, 2015 - Politico

House and Senate Republicans Differ on Must-Pass Transportation Funding Bills

The House passed their patch bill on July 15—it's now the Senate's turn at bat on highway funding. Both houses are controlled by Republicans but they appear to be pitching for different teams. A bill must pass by July 31 or road funding ceases.

July 20, 2015 - New York Times

Energy Boom Warrants Rethinking 1970's Energy Policies

Harkening back to the long lines at gas stations that erupted after the 1973 Arab oil embargo, followed by diminishing oil production, US crude oil exports were prohibited. With production booming, energy czar Ernest Moniz may reconsider that policy.

December 17, 2013 - The New York Times - Energy & Environment

Obama Taps Into Strategic Oil Reserve

With the flow of Libyan oil at a stalemate, the President ordered the release of 60 million barrels over the next 30 days to keep the world supply stable and gas prices from increasing.

June 26, 2011 - The New York Times

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