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26 Jan

US market responds to HR 21 proposal

Pipeline and OCTG sources shared their thoughts Thursday with Kallanish about the recent bill proposed by US Republican Cathy McMorris Rodgers, HR 21. The bill limits use of the Strategic Petroleum Reserve (SPG) until more federal lands are made available for tapping energy resources. “Trump grew the reserves under his watch. [President Joe] Biden tapped the SPR, after Russia (which tightened supply), invaded Ukraine. But demand was growing faster than…
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