The U.S. government is slated to sell $375 million worth of crude oil from the country’s emergency reserve this winter after Congress passed a temporary spending bill on Friday that contained a measure authorizing the sale. President Barack Obama’s administration has pushed Congress to approve an up to $2 billion plan for a revamp of the Strategic Petroleum Reserve, a string of heavily guarded underground salt caverns along the Gulf of Mexico filled with crude. The stash currently holds about 695 million barrels of oil. A Department of Energy spokeswoman said authorization in the spending bill “will allow the Department to take necessary steps to increase the […]

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