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