President Biden will tap up to 180 million barrels of government oil reserves over six months to address the rise in energy prices followingstarting in May—an expected average of 1 million barrels a day—was made by the president after consulting with allies and partners, the White House said.
Twitter is also on terrorist have no idea what oil reserves are for !!!!!!!
And then what? Rebuilding those reserves afterwards will affect prices too.
Is it a good idea to deplete our strategic oil reserves at a time of elevated threat of war? It seems backwards, like maybe this is the time to be sure our strategic reserve is at its highest level possible.
Are we saving them for some road warrior situation
Didn’t he say he was absolutely not going to do this a couple of weeks ago? Does this guy know what he’s doing at all
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When bullets are cheaper than gas, law makers have a real problem.
Wow, Biden shocking the market 1mmbbl per day extra for 6 month, that's almost Nigeria's total production after losses and Angola's annual production. This is significant. What's coming next, how about LNG supply to Europe to make up for the inevitable shock in gas supply?
This is not a solution to problem and increasing future risk- not like print more money past program option.
So stupid for so many reasons
Wow a whole million barrels a day. What about the other 19 millions of barrels we all use everyday. Yes you tree hugging electric car drivers. over 60% of our electricity comes from burning fossil fuel.
Why doesn't the US have national oil companies and gas stations? Privately owned businesses with affiliation to the GOP are hurting the American people.
TheRickWilson
What happent after 6 months?
Building battery infrastructure is a critical step towards a post carbon economy but the ecosystem is not sustainable without secured domestic Lithium supply. $LITM
I’m sure that will leave our military in great shape to defend the country
❤️🙏🌷
Ugh. Burn more fuel? Make gas expensive and electrical cheap. Republicans are going to blame Democrats for whatever they want. Implement the truth.
Drill baby drill 😂
Well, bless his little heart…
Well…… I guess the Feds will be buying the replacement oil at a much higher price. Lovely!!
Hmm interesting sounds more like forcing everyone to go electric. Trying to use up resources to create a new crisis. Then once it’s only electric cars on road the same govt and utility companies will come out with a extra energy consumption tax.
FINALLY...LET'S GET BACK SOME OIL AND NOT HAVE TO BEG FOR IT! AmericaFirst
TheRickWilson Do u need headshot or corporate photo editing or retouching? if yes just hire me:
This is why Russia will be defeated
I wonder where that comes from ? 🤷♂️
I.e. we’re fcked
TheRickWilson Bravo, sir!