The US is considering a plan to release about 1 million barrels of oil a day from its reserves over several months to battle inflation,President Joe Biden's administration may release as many as 180 million barrels of oil in total, Bloomberg reported, citing people familiar with the matter. An official announcement may come as soon as Thursday.
The US is also calling on the International Energy Agency to coordinate a release of oil reserves in other countries, Bloomberg added. Oil futures fell on the back of the news with international benchmark Brent and US benchmark West Texas Intermediate both down about 4% at 9:17 p.m. EDT.
I think it is better to make a decision than to consider
Business insider and the rest of the left-wing rag media keeps forgetting to mention the part it's only for 180 days and coincidentally that is when the midterms are over. SMFH Biden took office with energy independence. $2 a gallon gas and zero inflation.
'considering'... Lol
彭博社报道，美国正在考虑每天从储备中释放100万桶石油，以应对通货膨胀