Oil Industry Executive Warns of Another ‘Major’ Crisis in the Coming Weeks

Oil Industry Executive Warns of Another ‘Major’ Crisis in the Coming Weeks
A sign displays gas prices at a gas station in Falls Church, Virginia, July 19, 2022. SAUL LOEB/AFP via Getty Images
Jack Phillips
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The head of the largest oil and natural gas trade association warned that failure to replenish the U.S. Strategic Petroleum Reserve (SPR) could trigger another oil crisis in the coming weeks.

“The Strategic Petroleum Reserve, unfortunately, has become the strategic political reserve. And we have grave concerns about how it has been so politicized. This is for emergency purposes, not to lower gasoline prices during a time during a political season,” American Petroleum Institute CEO Mike Sommers said in a Friday interview on Fox News.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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