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Keyword: oilreaerves

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  • Biden FINALLY takes action to boost domestic oil production by releasing 10 million oil barrels Strategic Petroleum Reserve

    10/05/2022 9:16:49 PM PDT · by algore · 84 replies
    President Joe Biden will order more oil released from the Strategic Petroleum Reserve as gas prices are on the rise and OPEC announced it was making its biggest cuts in production in more than two years. Biden will release another 10 million barrels this month and he will 'continue to direct SPR releases as appropriate to protect American consumers and promote energy security,' White House National Security Adviser Jake Sullivan and economic adviser Brian Deese said in a joint statement. In the statement, the administration also called on oil companies to 'keep bringing pump prices down by closing the historically...