White House announces sale of additional 20 million barrels of oil from Strategic Petroleum Reserve
The White House announced Tuesday that the Department of Energy will be issuing a notice to sell 20 million more barrels of oil for the Strategic Petroleum Reserve as part of the Biden administration's effort to bring gas prices down.
This makes the fifth such sale that President Biden has authorized. The White House continued to blame "disruptions posed by Russia’s invasion" for the high prices while claiming that the Biden administration's actions are making a tremendous difference.
"In fact, the Department of the Treasury estimates that as a result of these drawdowns both...