Biden announces sale of 15 million barrels of reserve oil
10/19/22
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from NBCNews,
10/19/22:
President Joe Biden on Wednesday announced he would authorize the sale of more oil from the nation’s Strategic Petroleum Reserve as his administration scrambles to rein in high gas prices ahead of the midterm elections.
Speaking at the White House, Biden said the Department of Energy would sell the remaining 15 million barrels of the 180 million barrels authorized for sale in March — a move that the president argued would help drive down the price of gas and give families a bit of “breathing room.”
“I have been doing everything in my power to reduce gas prices since Putin’s invasion of Ukraine caused these prices to spike and rattled international oil markets,” Biden said.
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