Tag Archives: SPR

“This success can translate to a more transformative and permanent paradigm shift for US energy policy, but the DOE’s success paves a clear path to future successes.” The SPR strategy being, “how long can the US hold out against a hostile Middle East?” The Saudis appear to favor trump over other US politicians. Maybe appeasing trump is easier than satisfying a real president focused on the nation they represent rather than himself and ego. In any...

US to purchase more oil to replenish the Strategic Petroleum Reserve (SPR). DOE Announces Repurchase of Oil for the Strategic Petroleum Reserve, Department of Energy, DOE. The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves, December 16 announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil...

RJS; Focus on Fracking Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks — The Biden Administration will purchase 60 million barrels of crude in Q3 (Yahoo) in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six months. Citing an unnamed Energy Department official, CNN said what is referred to as a “long-term buyback plan” for oil...

You had to be around in 1973 to understand what happened when the Middle East decided to cut back on oil. At first, they thought the US would react harshly and invade. We did not. Instead, there were long lines where I lived. If I was near my university on the outskirts of Chicago, the lines did not exist. So, I would fill up my Datsun 510 and scoot home. At times I would take a gas can with me, get it filled, so we could fill up the tractor at...