White House Delays Refill Of Strategic Oil Reserve, Balks At “Too Expensive” Offers
January 07, 2023 at 14:00 PM EST
The Biden administration had no problems aggressively draining the SPR by 1mmb/d at market prices in the immediate aftermath of the Ukraine war, in hopes of lowering the price of gasoline ahead of November’s elections and avoiding an inflationary midterm rout. However, when it comes to refilling the SPR, now that US emergency inventories are […] Source
