Biden releasing one million barrels of oil per day to cool prices
www.aljazeera.comBarrels will come from US’s strategic petroleum reserve, as Russian invasion of Ukraine has sent prices skyrocketing.
You must log in or register to comment.
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
- 0 users online
- 18 users / day
- 26 users / week
- 27 users / month
- 24 users / 6 months
- 17 subscribers
- 872 Posts
- 2.02K Comments
- Modlog
Alternate solution: stop relying on oil
Rapid climate change is continuing to get worse
If it gets to like $7/gallon I might have to take the bus that gets me to work late. Not really worth it till then
I don’t really care why he’s doing it. This fulfills two goals for me.
“Biden releasing one million barrels of oil per day
to cool pricesto placate voters ahead of the midterms.”Also to cash in on the high prices.
I’m no investment banker but it doesn’t take a genius to understand “buy low, sell high.”
This is kinda what those reserves are for, isn’t it?
If US admin had any brains at all then they wouldn’t be in this situation in the first place. It’s a problem of their own creation.
I don’t think this was created by Biden admin, more like Clinton, Madeleine Albright and the Bushes. Granted, he’s not exactly doing his best to defuse any of those peoples’ bad decisions (except for Afghanistan, although that was planned by Trump administration)
Sure, the policy US has been pursuing since the 90s culminated in the crisis. However, it was Biden who started the economic war which the west was clearly unprepared for.
Peaceful countries usually are not prepared for war. That’s not a reason to not wage one when shit hits the fan.
US is not a peaceful country, it’s been at war 225 out of 243 years of it’s existence. Meanwhile, US trying to wage an economic war they clearly didn’t prepare for is leading to predictable results now.
Do you think it would be better if they had prepared for it? Plus also: it’s not only the US who is doing this.
Being prepared is a prerequisite for making rational decisions. While it’s not only US that’s doing this, it’s pretty clear that US has been the main force behind this crisis and this article does a good job explaining the intent behind it.