Biden releasing more oil from US strategic reserve

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(19 Oct 2022) In an effort to lower gas prices three weeks before the midterm elections, President Joe Biden has ordered the release of 15 million barrels from the U.S. strategic reserve and will consider additional withdrawals this winter. (Oct. 19)

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  1. Associated Press
  2. 31955341fdc84923bc277a6edfec7a09
  3. Associated Press
  4. District of Columbia
  5. Government and politics
  6. Joe Biden
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Комментарии
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Quit trying to hurt the oil industry. Drill baby drill

Steve_
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How much more damage can this man do? What is wrong with people? 80m voted for this old geezer?

thevillage
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Sure use up our emergency reserves to temporarily lower gas prices slightly for midterms. What a moronic thing to do. Start drilling

mmn
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I’m no Trump guy but Brandon is just an embarrassment

triolopez
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There are no words to describe this lunacy! Please, make it stop on Nov. 8th.

herbertscherzer
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What are you worried about you act like you live in a country that forces you to overpay for basic needs

Mr_badjoke
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Let's Go Brandon Voters. I think 81 million Joe Biden voters should send me one dollar each

BoogieFinger
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Joe is planning a 'strategic release?'...🤔
For his sake, I hope his handlers aren't affected by the supply chain issues, as far as Depends inventories are concerned...😁

louisbecker
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Well, I only beat a couple of people who don't understand the situation.
1. The reserves are not going to run out, no matter what Fox and Newsmax tell you.
2. Oil executives have told their shareholders that they aren't going to pump more oil, because they want to keep raking in record profits. That's right, while you are struggling with the price of gas, the oil companies are intentionally restricting the supply and keeping the price artificially high so they can pay their rich shareholders more.
3. Oil is a WORLD market. By releasing reserves on the world market (It doesn't matter which country buys it), the price of oil does down.

Recap for the low readers: US oil companies restricting supply. Biden increasing supply.

eswift