Anonymous wrote:
Anonymous wrote:
Anonymous wrote:What is Biden's plan to refill the SPR?
It’s definitely Biden’s fault when California refineries shut down for maintenance.
Remember when Trump proposed cutting the SPR by 50 percent?
Morons.
[/quote
I remember when the Democrats blocked the funding to tap off the SPR under Trump.
The Trump administration's plan to top off the Strategic Petroleum Reserve ran into a blockade Wednesday after lawmakers excluded $3 billion in funding for oil purchases from the massive stimulus package before Congress.
Senate Democrats took credit for stripping out that money from the Senate bill, unveiled Wednesday, calling it a “bailout” for the oil industry.
The administration had announced plans to buy 77 million barrels — enough to fill the reserve. The SPR has about 640 million barrels of oil and filling it up would cost about $2.3 billion, at current prices.
The Energy Department solicited offers from small and midsize producers to fill the reserve and cushion the fallout from low oil prices after the global market cratered this month, following decisions from Russia and Saudi Arabia to continue production.
But DOE would need money from Congress to make purchases for the SPR. The department has about $10 million in its SPR fund.
https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/
The Trump administration's plan to top off the Strategic Petroleum Reserve ran into a blockade Wednesday after lawmakers excluded $3 billion in funding for oil purchases from the massive stimulus package before Congress.
Senate Democrats took credit for stripping out that money from the Senate bill, unveiled Wednesday, calling it a “bailout” for the oil industry.
The administration had announced plans to buy 77 million barrels — enough to fill the reserve. The SPR has about 640 million barrels of oil and filling it up would cost about $2.3 billion, at current prices.
The Energy Department solicited offers from small and midsize producers to fill the reserve and cushion the fallout from low oil prices after the global market cratered this month, following decisions from Russia and Saudi Arabia to continue production.
But DOE would need money from Congress to make purchases for the SPR. The department has about $10 million in its SPR fund