Page 57 - Spr News Today

House Republicans are opening an investigation into the Biden administrations drawdowns of oil from the Strategic Petroleum Reserve to quell high fuel prices, which they said leaves the country vulnerable to more supply shocks.

A recent survey has found that 57% of U.S. voters support releases from the SPR to lower gasoline prices

Releasing even more oil from the SPR would be a risky decision for Biden, but it is also the only viable option he has left to bring oil prices down

Saudi Arabia’s Energy Minister has warned countries against misusing their crude oil stockpiles to manipulate the oil markets

Members of the International Energy Agency (IEA) can tap into its oil reserves to alleviate any supply issues, the agency’s executive director Fatih Birol said in a recent interview.

Former Treasury Secretary Larry Summers said in a recent Bloomberg interview that fiscal debates need to be put "back on the table" as surging borrowing costs risk a potential deficit "doom loop."

President Joe Bidens detractors have criticized him for expanding the Strategic Petroleum Reserve beyond its original scope and beyond the use of previous presidents, which was as a tool to cope with abrupt oil supply disruptions.

A terrorist was killed by the security forces during an IBO in Shalobar area of Khyber district, ARY News quoted ISPR on Sunday.

Dangerous choice that imperils our energy security at a time of global uncertainty. and another from republican john borasco who said, quote, the spr was built for a national energy crisis, not a democratic crisis. do you think they have a point? >> i think this is the question. i do think were in an energy crisis. certainly at the time they made the declaration of an energy supply disruption, at that time we were in the early days of the russian invasion of ukraine, oil price had sparked over $...