Biden Halves US Oil Reserves Ahead of Mideast Crisis

Biden Halves US Oil Reserves Ahead of Mideast Crisis

Biden’s sold more than 40% of the U.S. Strategic Petroleum Reserves last year to limit rising fuel prices — drawing down the reserve to 352 million barrels, less than half the peak of 727 million during the Obama administration, Politico reports.

Read more: https://www.newsmax.com/finance/streettalk/biden-administration-strategic-petroleum-reserves-middle-east/2023/10/16/id/1138495/