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House approves bill limiting SPR drawdowns, but measure faces long odds in Senate – MarketWatch

The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve.
The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve.(RTR)

Robert Schroeder, MarketWatch

WASHINGTON
EnergiesNet.com 01 28 2023

The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve. The measure passed 221-205, and ties nonemergency releases to a boost in federal lands leased to oil companies. President Joe Biden ordered releases from the reserve following the Russian invasion of Ukraine. The bill is unlikely to pass the Senate, which is controlled by Democrats.

marketwatch.com 01 27 2023

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