In March 2022 President Biden announced that he would authorize the release of up to 180 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to help lower gasoline prices in the wake of market disruptions caused by the Russia-Ukraine War.1 Can such action lower prices at the pump? Let’s take a look. What is the Strategic Petroleum
The Inflation Reduction Act of 2022 (IRA) provides $369 billion in energy and climate spending over the next 10 years. By a large margin, the IRA is the single largest federal government program aimed at energy and the environment. For comparison, the second largest program was the American Recovery and Reinvestment Act of 2009 (ARRA) which provided more than $90
In March 2022 President Biden announced that he would authorize the release of up to 180 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to help lower gasoline prices in the wake of market disruptions caused by the Russia-Ukraine War.1 Can such action lower prices at the pump? Let’s take a look. What is the Strategic Petroleum
The Inflation Reduction Act of 2022 (IRA) provides $369 billion in energy and climate spending over the next 10 years. By a large margin, the IRA is the single largest federal government program aimed at energy and the environment. For comparison, the second largest program was the American Recovery and Reinvestment Act of 2009 (ARRA) which provided more than $90
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