Energy Secretary Jennifer Granholm says her agency will be able to refill the emergency oil stockpile without trouble despite a lack of interest in an earlier purchase attempt, breanne_dep reports.
"I have no concerns that we will be able to refill and replenish the SPR, [the Strategic Petroleum Reserve], and do it at a savings to taxpayers," Granholm said at a White House press briefing.The Department of Energy said last month that it would purchase up to 3 million barrels of oil to begin resupplying the SPR in February, in what would have been the first effort to refill the stockpile since last year's historic drawdown.
On Monday, Granholm told reporters to"stay tuned" for an announcement on the next steps to begin replenishing the stockpile. Granholm warned Republicans in a letter last week that the bill, if passed, would undermine national security, cause crude oil shortages, and raise fuel prices nationwide. President Joe Biden would veto the bill on the off chance it did clear the Senate, she said Monday.
Republicans have criticized Biden for ordering last year's sales, which they said was a politically motivated decision designed to drive down gas prices ahead of the 2022 midterm elections — rather than an effort to respond to real supply shortages caused by Russia's war in Ukraine.
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U.S. energy chief says Biden would veto House Republican bill on oil reservePresident Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR) if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.
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Inspector General Rules That Former Interior Secretary Bernhardt's Alleged Conflict of Interest Was A-OkayJust because it was legal doesn't make it right, according to the Center for Western Priorities.
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Italy's Meloni eyes boost in strong energy ties with AlgeriaALGIERS, Algeria (AP) — Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy, a focus of her two-day visit to the North African nation starting on Sunday.
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Italy looks to boost energy ties with gas-rich AlgeriaItalian Prime Minister Giorgia Meloni is starting a two-day visit to Algeria with a focus on increasing energy supplies from the north African nation.
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Italy's foreign minister eyes migration, energy on trip to CairoItaly's Foreign Minister said on Sunday his country saw Egypt as an important partner in stemming irregular migration across the Mediterranean and in bolstering its energy security.
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Canada's energy jobs transition bill sparks discord in oil heartlandIn Canada's western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures the needs of workers.
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