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WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil...
A number of critics, including the U.S. Chamber of Commerce and former President Trump, opposed President Biden’s decision to tap into the Department of Energy’s Strategic Petroleum Reserve, slamming the Biden administration for “ineffectual band aids” that will not replace domestic production.
In an effort to ease energy prices this winter, President Joe Biden ordered 50 million barrels of oil to be released from strategic reserves, in coordination with other countries such as China and the U.K. Gas prices are more than 50% higher than they were last year.
President Joe Biden on Tuesday ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs