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Biden “Looking at” Tapping Strategic Reserve Amid Rising Fuel Prices, Granholm Says

Biden “Looking at” Tapping Strategic Reserve Amid Rising Fuel Prices, Granholm Says

From: Axios

Energy Secretary Jennifer Granholm on Sunday said that President Biden is “looking at” tapping into the nation’s Strategic Petroleum Reserve to address rising oil prices.

Why it matters via Axios’ Ben Geman: Granholm’s remarks on CNN’s “State of the Union” come after OPEC+ decided last week to stick with only a moderate output increase, which is likely to keep crude prices elevated.

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