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Keyword: nicolepollack

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  • Biden plan to tap strategic oil reserve draws ire from WY industry

    11/23/2021 7:02:19 PM PST · by massmike · 10 replies
    https://trib.com ^ | 11/23/2021 | Nicole Pollack
    The federal government will pull oil from the country’s emergency stockpile in an effort to bring down stubbornly high fuel prices, the White House said Tuesday. Over the next several months, the U.S. Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve, where it’s currently storing just over 600 million barrels in four underground caverns. In total, the release would amount to about two-and-a-half days of U.S. oil consumption: Before the COVID-19 pandemic curtailed both demand and production, the U.S. consumed roughly 20.5 million barrels of oil per day. In recent months, Biden has...