Page 59 - Spr News Today

White house is making this announcement about more releases, they are pushing domestic oil companies to increase production and also saying the plan is to buy back oil when prices go down to between 67 and 72 dollars a barrel. prices by the way that the white house has repeatedly claimed in the past are out of the presidents control because of external factors like putins war in ukraine and more alarming to the critics the white house is prepared to draw down the reserves even lower. >> what wer...

To levels where oil prices were before opec cut production but theres two points here. one, this is just the latest chunk of emergency sales that the president announced back in late march. they said they would release 180 million barrels of oil. they were undershooting that target a bit. this new reporting indicates that they plan to hit that target, its just going to take a little longer but the other point is what you mentioned about the level of oil left in the spr. you know, president biden...

Time there is a bottom to that. >> i knew youd asked me that i know you are very interested in the strategic reserve in this capacity for. >> spieth is all american should be. thirty-six on sunday morning what else would yall be thinking about. there are still 400 million barrels of oil in the strategic reserve. it is more than half full. i think people do not quite have that capacity number in their head. we have never done a draw of that magnitude. the largest row with everett on the president...

Time there is a bottom to th>> i know you are very interested in the strategic reserve in this capacity for. >> spieth is all american should be. thirty-six on sunday morning what else would yall be thinking about. there are still 400 million barrels of oil in the strategic reserve. it is more than half full. i think people do not quite have that capacity number in their head. we have never done a draw of that magnitude. the largest row with everett on the president biden presided over in march ...

U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to replenish the nation’s Strategic Petroleum Reserves

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves

Journalists upset after their names appear on leaked FIA list

The Biden Administration has been successful in bringing down prices at the pump by releasing crude from its SPR, but this strategy has already proven to be unsustainable in the light of lower OPEC+ production

They know it.>> laura the only recent releases. yeah, its iteyond obvious s beyond obvious. thats what theyre doing. which brings me to my next question. again. if the republicans take the majority, can we expect hearings in the senate that probe whether the motivation for releasing millions and millions of barrels from p that spr and potentially endae ering the american peopl at a time of emergency?as whether that was done for political reasons, who was involved in that decision making? to me, ...

We were _ it was first proposed, i think again we were expecting historic, massive deficits _ we were expecting historic, massive deficits off— we were expecting historic, massive deficits off the loss of russian supplies — deficits off the loss of russian supplies and instead we did not lose about— supplies and instead we did not lose about 3— supplies and instead we did not lose about 3 million days of russian supplies— about 3 million days of russian supplies expected and instead we...