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Opened 3 months ago

Last modified 7 weeks ago

#1759 new defect

Biden is expected to release at least 15 million barrels of oil reserves.

Reported by: anonymous Owned by: somebody
Priority: major Milestone: milestone4
Component: component1 Version: 1.0
Keywords: Xmcwmr Cc:

Description

Biden is expected to release at least 15 million barrels of oil reserves.

Biden is expected toเกม ออ น ไล นืrelease at least 15 million barrels of oil reserves. U.S. President Joe Biden will announce the final part of his plan for the release of emergency oil reserves on Oct. 19 and detail strategies to increase reserves as oil prices fall.

News reports say Biden is likely to release 15 million barrels of U.S. oil reserves or more. This is part of a plan to deal with the OPEC Plus announcement of oil production cuts that will come into effect in early November. Biden's administration has rushed to curb criticism that the move was aimed at midterm elections in November.

Announcing plans to remove oil from Biden's strategic reserves It comes after the 180 million barrels of oil reserves Biden had announced in March were completed.

Oil from U.S. strategic reserves is currently at its lowest level since 1984 under what the Biden government calls building a "bridge" until domestic production increases. Currently, US oil reserves are around 400 million barrels.

Biden is set to release additional oil reserves in the coming winter in an effort to keep oil prices down. But the administration did not give details on how much they would like to increase domestic oil reserves and production. Therefore, the disbursement of oil from such reserves will be ceased.

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