Biden plans to release up to 1 million barrels of oil per day from strategic reserve

Thursday, March 31, 2022 | Tag Cloud Tags: , ,

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(Worthy News) – President Biden is set to order the release of as much as 1 million barrels of oil a day from the nation’s strategic oil reserves in an attempt to gain some control over spiking energy prices in the U.S.

The announcement could arrive as soon as Thursday, when Biden is planning to deliver remarks on his administration’s plan to combat rising gas prices, according to the Associated Press.

It is unclear how long the daily release would last, but the wire service also reports the measure could last a few months. [ Source: Just the News (Read More…) ]

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