Katie Carr

24 October 2022

IADC Responds to Administration’s SPR Announcement and BOEM’s Updates on Lease Sales 258 & 259

On 19 October, the Biden Administration announced that the Department of Energy will release an additional 15 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action demonstrates the imperative need for ensuring vital energy resources are accessible for consumers in North America and around the world.