Biden Orders Unprecedented Use OF Oil Stockpile
On Thursday, President Joe Biden announced the unprecedented use of U.S. oil stockpiles to “ease the pain” of rising domestic fuel prices after Russia’s war on Ukraine.
The measure will pump a million barrels of U.S. government oil per day for six months into the global market.
Biden hopes to dampen inflationary shockwaves ripping through the American economy.
“US oil companies made nearly $80 billion in profit last year. And this year, those profits are expected to continue to soar. This is the time — not the time to sit on record profits. It’s time to step up for the good of your country, the good of the world, to invest in immediate production that we need to respond to Vlad