Biden Considering Releasing Million of Barrels of Oil from Reserve

President Biden announced his plan to release a record amount of oil from U.S. reserves to combat high gas prices. The plan will release 1 million barrels per day from the Strategic Petroleum Reserve for the coming months, for the next six months. Earlier this month the president coordinated release of oil from the reserves in conjunction with other nations, he also released around 60 million barrels in November which at the time was the largest release from the reserve in U.S. history.