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Biden to Release More Oil From U.S. Stockpile Held in Salt Caves
On Wednesday, the Biden administration announced that it would pull an additional 15 million barrels of oil out of the nation’s Strategic Petroleum Reserve (SPR) to help juice up oil supplies and keep gas prices low in the face of the global energy crisis.
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Biden Releases the Oil to Combat Soaring Gas Prices
The U.S. is tapping the Strategic Petroleum Reserve and releasing around 50 million barrels of oil in an effort to cut down on soaring energy costs.
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Countries Invested in Drilling for Oil Unsure About This Not Drilling for Oil Thing
Oil-producing heavyweights like Russia and Saudi Arabia will not go quietly into the night. This week, ministers from those and other countries slammed the latest report from the International Energy Agency calling for all new oil and gas development to stop by next year, using some pretty heated (and funny) rhetoric.