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Biden Admin sells last of the SPR release of oil (www.reuters.com)

posted 2 years ago by mitmont123 2 years ago by mitmont123 +7 / -0

U.S. sells last batch of emergency reserve oil from historic release

The U.S. Department of Energy on Thursday said it sold 15 million barrels of oil from the Strategic Petroleum Reserve to six companies, completing the last batch of the largest-ever release from the stockpile announced by President Joe Biden in March.

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– lsvogel 1 point 2 years ago +1 / -0

Once Biden is out of office, how many years will it take to stock pile the reserves and the delta over and above of energy independence once again?

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– mitmont123 [S] 1 point 2 years ago +1 / -0

In the article
The contracts were awarded to Phillips 66, Marathon Petroleum Supply and Trading LLC, Shell Trading (US), Valero Marketing and Supply, Macquarie Commodities Trading US, and Equinor Marketing and Trading, the Energy Department said in a statement.

And Biden is complaining of profits. He's giving them the oil at a reduced cost go figure.

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