It’s a big asset. And President Donald Trump wants to grab it.
The president’s 2018 budget, released last week, envisions selling 270 million of the 600-million-plus barrels of oil in the nation’s Strategic Petroleum Reserve, or SPR, to generate about $16.6 billion of revenue over the coming decade. According to the administration, enabling more U.S. production will provide greater energy security than keeping an “unnecessarily large amount of oil underground.”
