Department of Energy
Recent News About Department of Energy
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Department of Energy data: SPR at 416.39 million barrels, lowest since 1984
Gas prices are rising again despite President Joe Biden announcing on March 31 the release of up to 180 million barrels of crude oil from the nation's Strategic Petroleum Reserve (SPR) over a six-month period, in his effort to curb high gas prices. The president said there would be a slight delay in declining gas prices by days and weeks, but the prices would eventually drop.
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McGinnis: 'With each release from the Strategic Petroleum Reserve, we weaken our ability to respond to a legitimate supply crisis'
The Functional Government Initiative (FGI) recently announced a transparency litigation against the Department of Energy on the account that it refuses to release information about Biden's major releases from the emergency crude oil reserve amid rising gas prices.