Energy Secretary Granholm: ”The SPR is certainly on the table as an option” “The Biden Administration is very concerned about the price at the pump,” Granholm added The SPR is the world’s largest supply of emergency crude oil, and it currently holds around 600 million barrels of crude U.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on Thursday calls for putting extra barrels on the market, U.S. Energy Secretary Jennifer Granholm told Bloomberg on Friday. “The SPR is certainly on the table as an option. The president will have more to say about that,” Secretary Granholm said when asked what America can do now to reduce gasoline prices. The SPR is the world’s largest supply of emergency crude oil, and it currently holds around 600 million barrels of […]