The oil, which was ordered to be released throughout the year from the Strategic Petroleum Reserve by President Joe Biden, was meant to relieve the pressure on pump prices. Instead, it sold to foreign nations including China, according to a report from Reuters. Biden ordered the release of 30 million barrels on March 1st, another
Saudi Crown Prince Mohammed bin Salman and the U.A.E.’s Sheikh Mohammed bin Zayed al Nahyan both declined requests to speak to Biden. The White House has been trying to improve relations with the two countries as oil prices push $130 a barrel for the first time in nearly 14 years. Saudi Arabia and the UAE
Economic experts are warning Americans across the country will soon be paying $5 for a gallon of gas due to impacts from Russia’s war with Ukraine. Patrick De Haan, head of petroleum analysis at GasBuddy, says fuel prices are up an astounding .20/gal from just one week ago. Industry data shows that’s a full dollar
Joe Biden is looking to raise gas prices by removing tax breaks for fossil fuel companies. According to The Daily Wire: President Joe Biden pushed for eliminating tax breaks for fossil fuel companies during a speech on Wednesday in Crystal Lake, Illinois, saying that extra tax revenue from those companies would help pay for his
