Perry Highlights Need for Oil Reserve, Rebuking Trump’s Plan
- Trump budget called for cutting Strategic Petroluem Reserve
- Hurricanes Harvey, Irma show need for the reserve, Perry says
Secretary Perry Says Release From SPR More Than Triples
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Hurricanes Harvey and Irma demonstrate the importance of keeping the U.S. Strategic Petroleum Reserve, Energy Secretary Rick Perry said, in a not-so-subtle rebuke to President Donald Trump.
"This is a good example of why we need an SPR," Perry said at a press conference Friday morning. The reserve, run by the federal government, is a stockpile that can hold more than 700 million barrels of crude. Trump’s budget proposal this year called for selling half the reserve, saying it was no longer useful in a time of U.S. oil surpluses.