Biden Plans to Refill Emergency Oil Reserve

“The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America’s emergency oil reserve,” CNN reports.

“This would mark the first time since the early 2000s that the Energy Department has acquired large quantities of oil for the US Strategic Petroleum Reserve, the largest emergency supply of oil on the planet.”