Granholm
Posted: Thu May 11, 2023 3:25 pm
U.S. Energy Secretary Jennifer Granholm on Thursday said the Energy Department would aim to purchase crude to help rebuild stocks in the Strategic Petroleum Reserve next month. In response to a question at a House Energy and Commerce Committee hearing, Granholm said a congressionally mandated sale of 26 million barrels of crude would be completed in June “and it’s at that point where we will flip the switch and then seek to purchase.”
Why would you sell in June, ship it out, then buy it back in july?
Why would you sell in June, ship it out, then buy it back in july?