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Tag Archives: petroleum

EXPLAINER: What is the Strategic Petroleum Reserve? (access required)

President Joe Biden is again dipping into the nation's petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily release of 1 million barrels of oil from the strategic petroleum reserve for the next six months. Biden will also ask Congress to penalize oil and gas companies that lease public land but aren't producing energy.

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News Briefs

Economy squeezes home-building projects by Wausau Habitat for Humanity Wausau (AP) — A builder of homes for low-income families in Wausau that relies on donations is feeling the downturn in the home-building industry. Wausau Habitat for Humanity says its largest ...

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