U.S. MUST PROTECT INVESTMENT IN SPR

While Congress debates an energy tax and the Department of Energy studies oil and gas policy, someone should ask a question or two about the Strategic Petroleum Reserve. DOE proposes to spend $173 million on SPR in the fiscal year beginning Oct. 1, close to this year's authorization. It also will consider, by congressional mandate, spending more in the future to expand SPR capacity to 1 billion bbl from 750 million bbl.

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