Friday 7 October 2022 04:31 PM Biden has drained the oil stockpile to the lowest point in 40 years trends now
Biden has drained the oil stockpile to the lowest point in 40 YEARS: Pressure piles on President with little options left to try and curb the spike in gas prices after the OPEC slash
Biden has drained the Strategic Petroleum Reserve to its lowest level in 40 years Releases came in response to high gas prices The nation's Strategic Petroleum Reserve had 416.4 million barrels in the week ended Sept. 30 – the lowest level since 1984 Biden has released 160 million barrels of crude since March And he will release another 10 million barrels after OPEC Plus announced cutbacks in its oil production By Emily Goodin, Senior U.S. Political Reporter
Published: 16:01 BST, 7 October 2022 | Updated: 16:29 BST, 7 October 2022
President Joe Biden has drained the Strategic Petroleum Reserve to its lowest level in 40 years as he tries to combat rising gas prices and shortages in crude oil tied to Russia's invasion of the Ukraine.
Biden has released 160 million barrels of crude since March, bringing the reserves to its lowest levels in four decades.
He made the move in response to Vladimir Putin's invasion of Ukraine and after he rallied Western allies to end or cut back their purchases of Russian oil, thereby cutting off one of Putin's main sources of funding.
The nation's Strategic Petroleum Reserve had 416.4 million barrels in the week ended Sept. 30 – the lowest level since 1984, according to Department of Energy data
President Joe Biden has drained the Strategic Petroleum Reserve to its lowest level in 40 years
Tags
fashion
wedding
dress
style
tv mount
Amazon
news
lifestyle
Celebrity News
Kim Kardashian
vichy
neal's yard
aubrey organics
neal's yard remedies
babo botanicals
kiehls store
the body
american auto insurance
auto policy quote
auto quotes online
instant car insurance quote
buy car insurance online
