US to unleash strategic oil reserves to lower prices ...News

Biden boasts move will protect Americans from what he claims is ‘Putin’s price hike’ US President Joe Biden unveiled a two-pronged plan on Thursday to lower gas prices by increasing supply and decreasing demand, vowing to lead the country to a future of clean energy while soothing its immediate wounds by unleashing millions of barrels from its strategic reserves. A “use it or lose it” policy would see Washington punish US oil companies by charging them fees for federal leases they hadn’t drilled on in years, Biden explained. Oil and gas companies are also obligated to use what they have, the president said, pointi

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