US May Lease SPR Space to Oil Companies

摘要

The US Department of Energy (DOE) is said to be planning to lease spare capacity in the Strategic Petroleum Reserve (SPR) to private oil companies for storage, after plans to purchase US crude to fill the reserve fell through. But questions remain about workability, as the DOE reportedly prepares to roll out its new plan in the coming days, given that some have suggested leasing to the private sector might require some level of congressional approval.