Home NEWS-POLITICSNEWS-FOX-POLITICS Coronavirus bill strips funding for Petroleum Reserve purchases
Coronavirus bill strips funding for Petroleum Reserve purchases


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The final version of the Senate’s coronavirus stimulus package left out billions of dollars that had been planned for the Department of Energy to go toward replenishing the nation’s Strategic Petroleum Reserve.

An earlier draft of the legislation included $3 billion in appropriations for the Energy Department’s SPR Petroleum Account meant “for necessary expenses related to the acquisition, transportation, and injection of domestic petroleum products.” After Democrats resisted, claiming it was an expensive bailout for the oil industry, it was removed from the final version.

SENATE OKS…


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