Trump Administration Pledges SPR Refill With Bonus Oil Barrels

The Trump administration will put back into the Strategic Petroleum Reserve whatever oil it takes out—and then some—during the current emergency drawdown period, Energy Secretary Chris Wright said at an event on Friday. The plan, according to Wright, is to add 1.2 barrels to the SPR for every barrel it takes now. “We’ll leave it fuller than when we started,” he said, stopping short of detailing the plan for how that would work. The SPR currently sits around 384 million barrels, according to the latest EIA data, after…