U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum Reserve
Tuesday, 7 May 2024 () The U.S. Department of Energy (DOE) has announced a new solicitation to purchase oil to replenish the Strategic Petroleum Reserve (SPR), according to a DOE press release. The solicitation, announced by the DOE's Office of Petroleum Reserves, seeks up to 3.3 million barrels of crude oil for delivery to the SPR in October. The decision to initiate this purchase, according to the release, aligns with the DOE's strategy of acquiring oil at $79 per barrel or below. To date, the DOE has procured a total of 32.3 million barrels of oil at an average…
Just as it was clear to us at Action Radio last fall that the GOP had one resignation per month to give the House to the Alpha Democrats, it is just as clear that interest rates are set by The Fed to..
Tuesday, 7 May 2024 ()
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