Biden Authorizes Release Of 50 Million Barrels Of Oil From Strategic Petroleum Reserve

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President Joe Biden‘s administration announced on Tuesday that it has ordered the release of 50 million barrels of oil from the nation’s Strategic Petroleum Reserve amid soaring gas prices that continue to squeeze precious pennies out of the pockets of cash-strapped Americans. “The Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and supply,” the White House said in a press release. “The President has been working with countries across th…

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