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In Coordination With Other Countries U.S. To Release Oil From Reserves In Bid To Lower Gas Prices

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Title : In Coordination With Other Countries U.S. To Release Oil From Reserves In Bid To Lower Gas Prices
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In Coordination With Other Countries U.S. To Release Oil From Reserves In Bid To Lower Gas Prices

 

Daily Mail: Slick move? Biden orders release of FIFTY MILLION barrels of oil from US reserves today in bid to lower prices at the pump - which have hit $4.84 a gallon in California 

* President Biden is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in a bid to lower soaring prices at the pumps 

* The emergency measure was last used after Hurricane Katrina 

* Experts warn the move won't fix surging gas prices in the long term 

* India, South Korea and Japan, and China are also involved in the plan 

* OPEC+ nations in the Middle East have rebuffed his pleas to pump more oil 

* The average price of gasoline recently breached a seven-year high, and now costs $3.409 per gallon, according to AAA 

* OPEC+ officials warned in turn they would respond if the world's largest oil consumers tapped their reserves 

President Biden is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in a bid to lower soaring prices Americans are paying at the pumps, 

The White House announced on Tuesday. Biden will coordinate with other nations in the coming days to pump oil out of the Strategic Petroleum Reserves, after OPEC+ nations in the Middle East rebuffed his pleas to pump more oil.  

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WNU Editor: Cut the pipelines and limit production while discouraging new projects over threats of more taxes and regulation, and use of the reserves that would/could be used during a war or extreme emergency. 

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