Posted on Jul 7, 2022
biden-says-us-will-tap-strategic-petroleum-reserve-as-gas-prices-hover-around-7-hear-high.html
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Does anyone understand the difference between "strategic" and "political"? We are depleting our strategic reserves (intended to be used in times of emergency) to provide a very short term reduction in gas prices (to quiet the electorate - hopefully until the midterms are over).
biden-says-us-will-tap-strategic-petroleum-reserve-as-gas-prices-hover-around-7-hear-high.html
Posted from cnbc.comPosted in these groups: 
Oil
Oil
Posted >1 y ago
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Biden admin lets 5 million oil barrels from US reserves go to China, Europe
President Joe Biden’s administration allowed over 5 million barrels of American oil released from the U.S. emergency reserves to be sent overseas to
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