US Energy Chief Says Oil Reserve is a Tool to Meet Short-term Supply Crunch

US Energy Secretary Jennifer Granholm also said the United States does not control the price of oil and the administration's long-term goal is to move off oil.

Timothy Gardner, Reuters

The U.S. emergency oil reserve is a tool available to Washington to address unusual short-term mismatches between oil supply and demand as the Biden administration looks to move to less volatile energy sources, U.S. Energy Secretary Jennifer Granholm told Reuters on Nov. 30.

"It's good to know that it's available for these purposes," Granholm said in a wide ranging interview to be broadcast next week at Reuters Energy Transition North America 2021, a Reuters Events virtual conference where leaders will discuss the transition to clean energy.

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