The war in Ukraine, the aggression of Russia. US President Joe Biden: 240 million barrels of oil have been released from strategic reserves

This will increase the supply of oil and gas companies. Now Biden has announced that it is up to them to lower prices (raw materials) to consumers.

Last week, the US President announced a two-step plan to lower oil prices and achieve energy independence by the United States.

As part of this project, Biden announced the release of 180 million barrels of crude oil from the US Strategic Reserve over the next six months, and said oil companies would be under pressure to increase oil production.

See also: President Biden banned the import of Russian oil

Last week it announced the largest ever release of the Strategic Petroleum Reserve.

Today, the rest of the world is joining us – releasing 240 million barrels of oil in total.

This will expand the supply for oil and gas companies. Now they have to lower prices to consumers.

– President Biden (POTUS) April 7, 2022

Over the past four weeks, fewer Americans have filed initial unemployment insurance claims than at any time in our nation’s recorded history.

America is back in business.

– President Biden (POTUS) April 7, 2022

#Joe Biden

#United States of America

#United State

#oil

#Gas