Biden Announces Release Of 15M Barrels From Oil Reserve

October 19, 2022 4:12 am

WASHINGTON (AP) – President Joe Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.  He will also said more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections. The strategic reserve now contains roughly 400 million barrels of oil, its lowest level since 1984.