U.S. to release 50 million barrels of reserve oil to ease energy costs

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5 thoughts on “U.S. to release 50 million barrels of reserve oil to ease energy costs

  1. On the first day of his presidency, Biden issued an executive order canceling the Keystone XL pipeline. https://www.vox.com/22306919/biden-keystone-xl-trudeau-oil-pipeline-climate-change

    2 weeks ago, the administration was considering closing down Line 5 – carrying oil inside the U.S. https://insideclimatenews.org/news/12112021/line-5-biden-environmental-justice/

    Psaki’s scapegoating of the oil companies in this instance is disingenuine.

    1. Why would canceling a pipeline that wasn’t even open yet or merely *considering* closing another pipeline have anything to do with oil prices?

      Oil prices hit LOW LOWs in 2020. Trump tried (and failed) to bring oil prices back up, but there is no beating low demand. When demand came back up, there was a reversion to the mean. It’s really that simple.

  2. Brain Dead Old Man— Oil Bad!! Wait, what? This might be costing Democrats some votes? Here, have some oil!!

    Where is Joe B to explain to us how brilliant Brandon is?

    1. We will be out of Oil in the next 25 years….

      The laws of supply and demand means Gas prices should jump to around $10/gallon to drive innovation to rid our dependency on oil…

      So much for the party of small government…

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