"Biden Administration Scraps Emergency Oil Reserve Refill Amid Soaring Prices"

The Department of Energy has canceled plans to refill America's emergency oil reserve due to surging oil prices, despite previous intentions to replenish it by the end of the year. The decision comes as the Strategic Petroleum Reserve currently holds about 363 million barrels, down from nearly 600 million at the beginning of 2022. Critics express concerns about the potential risks of depleted oil reserves and the impact on pump prices, while the Energy Department aims to monitor market dynamics and protect the taxpayer's interest.