Biden’s Oil Plan Against OPEC
While the Biden administration is trying to compel oil companies to reduce prices using various tools and control them with other measures like windfall taxes, the President of the United States has been forced to issue an order to release fifteen million barrels of oil from America’s strategic reserves. We had previously reported that the strategic reserves of this country have significantly decreased following consecutive releases. Meanwhile, Biden must soon find new solutions for Americans’ heating costs at the federal level. Home heating costs have increased significantly due to the overall rise in natural gas prices compared to last year.