Highlights Deal include $7.5 billion for EV charging stations SPR could raise $45 billion if drained at current price Selling crude oil from the US Strategic Petroleum Reserve would be one funding source for the $579 billion, five-year infrastructure deal announced June 24 by President Joe Biden and senators from both parties. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A White House fact sheet lists the SPR as one of 13 “proposed financing sources for new investment,” without giving any details about the volume of crude that could be moved onto the market from the government stockpile. The bipartisan infrastructure framework include $312 billion for transportation such as roads, bridges, airports and public transit, and $266 billion for other infrastructure such as water, broadband and environmental remediation, the White House said. The deal earmarks $7.5 billion for electric vehicle infrastructure, which is […]

Posted in: USA