Story thread · 2 reports / 2 sources

Chris Wright explains how Venezuelan crude will ‘fill’ the Strategic Petroleum Reserve

washingtonexaminer.com · 10dShare

Energy Secretary Chris Wright has proposed refilling the Strategic Petroleum Reserve by having U.S. companies swap heavy crude newly sourced from Venezuela for U.S.-produced light or medium crude that is better suited for the reserve. During a flight from Caracas, Venezuela, to Washington, D.C., Wright told the Washington Examiner that the emergency oil reserve currently […]

First report: Venezuela’s heavy crude isn’t a great fit for the US emergency reserve. It could still help refill it. — businessinsider.com, 12d