Crude Oil Exchange
Statement by Energy Secretary Bill Richardson
Energy Secretary Bill Richardson Earlier today, the President directed me to exchange 30 million barrels of oil from the Strategic Petroleum Reserve (SPR) over a period of 30 days. The President’s reasons for taking this action are very clear. Portland, Maine, will be in the 50s next week. So will Minneapolis. And it snowed in the Rockies yesterday. We need to make sure that American families keep warm this winter. So the President will do everything within the power of the Federal Government to ensure that Americans have the fuel they need to heat their homes. It’s the right time…
