Tag: Strategic Petroleum Reserve (US)

Biden Expands Effort to Lower Gas Prices and Secure Energy Independence

Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.

U.S. to Release Millions More Barrels of Oil to Contain Gas Prices

The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.

Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve

The administration’s move has brought down gasoline prices. Some experts say continued withdrawals could test the nation’s energy security.

Gas Prices Force Biden Into an Unlikely Embrace of Fossil Fuels

President Biden has had to walk a careful tightrope on energy and climate change in the weeks since U.S. sanctions on Russian oil and gas sent energy prices soaring.