• Latest
  • Trending
  • All
  • News
  • Lifestyle
White House Asks Congress for $500 Million to Modernize Oil Reserve thumbnail

White House Asks Congress for $500 Million to Modernize Oil Reserve

November 26, 2022
Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign thumbnail

Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign

September 26, 2023
Seasonal affective disorder (SAD) thumbnail

Seasonal affective disorder (SAD)

September 25, 2023
Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them thumbnail

Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them

September 25, 2023
Schumer Signals Menendez Will Stay As New Jersey Dems Call For Him To Resign thumbnail

Schumer Signals Menendez Will Stay As New Jersey Dems Call For Him To Resign

September 24, 2023
USDA Launches Program to Support Agricultural Employers and Farmworkers, Aiming to Increase Economic and Supply Chain Resilience as Part of President Biden’s Investing in America Agenda thumbnail

USDA Launches Program to Support Agricultural Employers and Farmworkers, Aiming to Increase Economic and Supply Chain Resilience as Part of President Biden’s Investing in America Agenda

September 24, 2023
Ron DeSantis’s Grip on Florida Is Slipping: Report thumbnail

Ron DeSantis’s Grip on Florida Is Slipping: Report

September 24, 2023
Rupert Murdoch Is Stepping Down As Chairman of Fox. Meet His Son Lachan, the Real-Life 'Kendall Roy' Taking Over the Family Business thumbnail

Rupert Murdoch Is Stepping Down As Chairman of Fox. Meet His Son Lachan, the Real-Life ‘Kendall Roy’ Taking Over the Family Business

September 23, 2023
Where to Celebrate Oktoberfest This Fall thumbnail

Where to Celebrate Oktoberfest This Fall

September 21, 2023
China’s foreign minister heads to Moscow after meeting with U.S. national security adviser thumbnail

China’s foreign minister heads to Moscow after meeting with U.S. national security adviser

September 21, 2023
Treating high blood pressure can save 76 million lives in 30 years, WHO says thumbnail

Treating high blood pressure can save 76 million lives in 30 years, WHO says

September 21, 2023
Do pets really make people happier and healthier? thumbnail

Do pets really make people happier and healthier?

September 21, 2023
Republicans Are Losing Their Mind Over the Senate’s New Dress Code thumbnail

Republicans Are Losing Their Mind Over the Senate’s New Dress Code

September 20, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Tuesday, September 26, 2023
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home News

White House Asks Congress for $500 Million to Modernize Oil Reserve

FREE Cape Cod News by FREE Cape Cod News
November 26, 2022
in News, Politics
Reading Time: 2 mins read
Donate
0
White House Asks Congress for $500 Million to Modernize Oil Reserve thumbnail
633
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

WASHINGTON—The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows.

If approved by Congress, the request, issued by the White House on Nov. 15, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the Texas and Louisiana coasts.

President Joe Biden announced the biggest withdrawal ever from the reserve earlier this year of 180 million barrels in an effort to push down oil prices. The historic release of oil has pushed supplies in the SPR to the lowest level since March of 1984.

The SPR oil is stored in hollowed-out, underground salt caverns that can shift and potentially require maintenance when petroleum is removed and replaced. The facility’s steel pumps and equipment are also subject to constant lashing of moist, salty air, which can be corrosive.

The proposed funding “would allow the SPR to both maintain operational readiness levels and also alleviate anticipated shortfalls due to supply chain issues, the COVID-19 pandemic, and related schedule delays,” the White House said in the request.

The SPR funding was included in the White House’s proposal for nearly $38 billion in aid to Ukraine as part of a supplemental funding request. The funding for Ukraine for the duration of the fiscal year would go to defense equipment, humanitarian assistance, and nuclear security support, the White House said.

The request also includes $126.3 million for the National Nuclear Security Administration, part of the DOE, to guard against potential nuclear and radiological incidents in Ukraine, the White House said. It would also help Ukraine with security of nuclear and radiological materials, and prevent illicit smuggling of nuclear, radiological, and dual-use materials.

Russia has claimed ownership of the Zaporizhzhia Nuclear Power Plant in Ukraine, Europe’s largest. Repeated shelling has damaged buildings and cut power lines essential to cooling reactor fuel and avoiding a nuclear meltdown. Russia and Ukraine blame each other for the shelling.

DOE spokesperson Charisma Troiano said the money was needed to perform necessary infrastructure repairs and keep the SPR ready for future scheduled sales and to “address global energy supply chain disruptions” such as those caused by Russia’s invasion of Ukraine.

The White House did not immediately respond to a request for details about why the SPR needs to be modernized.

Read More

Tags: bidenoilpolitics

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign thumbnail
News

Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign

by FREE Cape Cod News
September 26, 2023
Seasonal affective disorder (SAD) thumbnail
Lifestyle

Seasonal affective disorder (SAD)

by FREE Cape Cod News
September 25, 2023
Schumer Signals Menendez Will Stay As New Jersey Dems Call For Him To Resign thumbnail
News

Schumer Signals Menendez Will Stay As New Jersey Dems Call For Him To Resign

by FREE Cape Cod News
September 24, 2023
USDA Launches Program to Support Agricultural Employers and Farmworkers, Aiming to Increase Economic and Supply Chain Resilience as Part of President Biden’s Investing in America Agenda thumbnail
News

USDA Launches Program to Support Agricultural Employers and Farmworkers, Aiming to Increase Economic and Supply Chain Resilience as Part of President Biden’s Investing in America Agenda

by FREE Cape Cod News
September 24, 2023
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
It's cool, claims Samsung as it pushes 3D IC SoC tech at overheated world thumbnail

It’s cool, claims Samsung as it pushes 3D IC SoC tech at overheated world

August 14, 2020
Rock Harbor Orleans in winter. Free Cape Cod News.

Can You Live Year-Round in Cape Cod? Prepare for Disappointment

June 17, 2023
Seasonal affective disorder (SAD) thumbnail

Seasonal affective disorder (SAD)

September 25, 2023
Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign thumbnail

Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign

September 26, 2023
Seasonal affective disorder (SAD) thumbnail

Seasonal affective disorder (SAD)

September 25, 2023
Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them thumbnail

Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them

September 25, 2023

FREE Cape Cod News On Twitter

Today’s News

  • Trump on Bob Menendez Indictment: Senate Democrats Knew, Should All Resign September 26, 2023
  • Seasonal affective disorder (SAD) September 25, 2023
  • Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them September 25, 2023
  • Schumer Signals Menendez Will Stay As New Jersey Dems Call For Him To Resign September 24, 2023
  • USDA Launches Program to Support Agricultural Employers and Farmworkers, Aiming to Increase Economic and Supply Chain Resilience as Part of President Biden’s Investing in America Agenda September 24, 2023
FREE Cape Cod News

Copyright © 2023 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2023 Free Cape Cod News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist