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Biden Ready To Release A Million Barrels Of Oil A Day - Foreign Affairs - Nairaland

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Biden Ready To Release A Million Barrels Of Oil A Day by wwwihy: 9:53am On Mar 31, 2022
President Biden is considering a plan to release one million barrels of oil a day from the Strategic Petroleum Reserve for as long as 180 days, a move that would add a large amount of oil to the global market, according to a person familiar with the White House deliberations on the issue.

Mr. Biden could announce the plan to tap the reserve as soon as Thursday, said the official, who requested anonymity because the plan was not ready to be announced Wednesday night. The idea would be to combat rising prices at the pump.

The president’s public schedule, which was released Wednesday night, said he would deliver remarks Thursday afternoon on the administration’s “actions to reduce the impact of Putin’s price hike on energy prices and lower gas prices at the pump for American families,” a reference to President Vladimir V. Putin of Russia.

The price of West Texas Intermediate, the American crude oil benchmark, fell about 4 percent late Wednesday evening after the plan was reported, by Bloomberg News. The price of Brent crude, the global benchmark, was similarly down, about 3.5 percent.

https://www.nytimes.com/2022/03/30/us/politics/oil-release-biden.html

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Re: Biden Ready To Release A Million Barrels Of Oil A Day by panafrican(m): 11:31am On Mar 31, 2022
Big joke.
This ins even not enough for 2h hours en California.
Biden must explain to the American people why the average rate $4.20 / gallon is now part of normal life , when 2 years ago it was around $1.79/gallon at te gas pump.

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Re: Biden Ready To Release A Million Barrels Of Oil A Day by VictorUSA(m): 11:46am On Mar 31, 2022
America's economy will boom at the sale of such quantity of oil.

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Re: Biden Ready To Release A Million Barrels Of Oil A Day by sapientia(m): 12:00pm On Mar 31, 2022
panafrican:
Big joke.
This ins even not enough for 2h hours en California.
Biden must explain to the American people why the average rate $4.20 / gallon is now part of normal life , when 2 years ago it was around $1.79/gallon at te gas pump.

Stop disgracing yourself

Its not as if they didnt have before

USA is just checkmating your god Putin small small

With time, Russia cannot threaten anyone with fossil fuel again

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