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Reply to "does the US really have to refill SPR or are they just trying to make money"
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[quote=Anonymous]No, the Administration is not obligated to buy oil for the SPR, and I do not think this Administration will. Granholm’s statements waffling on repurchases is why the Saudis announced production cuts (remember that the “commitment” to repurchase at a given price was made to keep OPEC from cutting in response to the SPR sales). As a point of reference, the previous Administration proposed buying oil for the SPR as part of the Covid stimulus package, when oil was basically free, and the Democrats refused. [/quote]
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