U.S., Several Other Countries to Tap Strategic Oil Reserves

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The U.S. and several other countries will tap their national strategic petroleum reserves, senior Biden administration officials said, in an attempt to bring down rising gasoline prices that have become a big contributor to inflation

WASHINGTON—The U.S. and several other countries will tap their national strategic petroleum reserves, senior Biden administration officials said Tuesday, in an attempt to bring down rising gasoline prices that have become a big contributor to inflation.

Other countries participating in the release include China, India, Japan, South Korea and the U.K., the White House said.

 

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Open the pipeline

It’s less than 3 days of crude (US uses 18M barrels on average daily) - creepy Joe hopes the average American buys this pointless gesture FJB

The greed of big companies will never allow the working class to enjoy life.

Very sensible. Too much oil is being stored for too long. The oil was bought at much lower prices before Trumpian measures allowed the price gouging now being experienced by Americans. This will cost the US little and do a lot to improve inflation numbers.

If I’m OPEC I’m thinking the world depleting it’s reserves might end up working out well!

The oil reserves exist because of President Trump’s foresight. Thank you, President Trump.

So government created this problem and is trying to solve it using govt means😂….. unreal POTUS

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