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- White House announces plan to release 1M barrels per day of oil from SPR over next six months
White House announces plan to release 1M barrels per day of oil from SPR over next six months
The Biden Administration will release 1M barrels per day in oil from the US Strategic Petroleum Reserve (SPR) over the next six months, according to a statement released by the White House on Thursday. The White House statement continued that the President will call on Congress to pass his plan to speed the transition to clean energy that is made in America and that President Joe Biden will issue a directive authorising the use of the defense production act to secure American production of critical materials to bolster the domestic clean energy economy.
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