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flag US Energy Secretary seeks $20B to refill the Strategic Petroleum Reserve to its max capacity.

flag US Energy Secretary Chris Wright aims to request up to $20 billion to refill the Strategic Petroleum Reserve to its maximum capacity of 700 million barrels. flag The reserve, established in the 1970s, currently holds 395 million barrels, depleted during the Biden administration due to selling off oil to combat rising gas prices post-Ukraine invasion. flag Congress must approve the funding for this initiative, which could take years.

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