U.S. Secretary of Energy Dan Brouillette announced that the Department of Energy is making the Strategic Petroleum Reserve Storage Capacity available to U.S. oil producers. The critical economic impacts of COVID-19 have reached across industries, and the energy sector is no exception. The uncertainty and economic hardship is putting U.S. energy security at risk, as well as placing American jobs and families on the line.
According to Secretary Brouillette, “To help alleviate financial hardship to the critical American energy sector, President Trump has directed the Secretary of Energy to fill the SPR to its maximum capacity.”
The Department of Energy released more information here.
Learn more about the Strategic Petroleum Reserve and why it’s important.
