The U.S. could sell $6 billion worth of crude oil from the Strategic Petroleum Reserve (SPR) as one of the financing sources for new investment in the infrastructure deal, Reuters reports , quoting a document being circulated by Republican lawmakers. U.S. President Joe Biden announced on Thursday that he had agreed to a bipartisan infrastructure framework after meeting a bipartisan group of Senators. “We have a deal,” President Biden said on a compromise proposal for an infrastructure plan aimed at repairing roads and bridges, increasing the resilience of the electricity grid, and building new, resilient transmission lines to facilitate the expansion of renewable energy. “Strategic petroleum reserve sale” is one of the proposed financing sources for new investment, the White House said in a factsheet on Thursday. According to Reuters estimates, a sale from the Strategic Petroleum Reserve, at the current WTI Crude price at just above $73 per […]

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