US Energy Chief Will Seek $20 Billion to Refill Oil Reserve
- Strategic Petroleum Reserve to be filled to top under Trump
- Emergency oil cache was depleted during Biden administration
US Energy Secretary Chris Wright.
Photographer: Kathleen Flynn/BloombergThis article is for subscribers only.
US Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.
The initiative, which may take years, would restore holdings “just close to the top” to maintain efficient operating status, Wright said in an interview on Thursday in Louisiana after touring a natural-gas export plant.