For Immediate Release
Erin Jensen, (202) 222-0722, firstname.lastname@example.org
DOE Pushes Oil Purchases
WASHINGTON - The Department of Energy announced this morning a solicitation to purchase 30 million barrels of oil to fill the Strategic Petroleum Reserve. The estimated cost of this move based on the current oil market is $900 million, far exceeding the $10 million currently available for the program to conduct crude purchases. This follows comments this morning from Treasury Secretary Mnuchin calling for oil purchases over the coming years of as much a $20 billion.
A recent analysis from Friends of the Earth raises substantial legal and environmental questions about the Trump Administration’s proposal to “fill up” the SPR.
SCROLL TO CONTINUE WITH CONTENT
Never Miss a Beat.
Get our best delivered to your inbox.
Lukas Ross, senior policy analyst with Friends of the Earth, issued the following statement in response:
The fossil fuel industry does not deserve a bailout now or ever, the American people do. The Trump Administration is preparing to exploit this moment of national crisis to throw billions of dollars at polluters. Additional giveaways like royalty relief are reportedly under consideration as well. We call upon leaders in both the House and the Senate to refuse any additional funding for crude oil purchases and any other dirty energy handout.
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Please select a donation method:
Friends of the Earth is the U.S. voice of the world's largest grassroots environmental network, with member groups in 77 countries. Since 1969, Friends of the Earth has fought to create a more healthy, just world.