“I announced last week the largest-ever oil spill from the strategic reserve. The world has released a total of 240 million barrels of oil.” – shared on Twitter by Joe Biden.
“This will increase supply for oil and gas companies. Now it’s time for them – companies should lower their prices for buyers“Added the American president.
Last week, the US president announced a two-step plan to cut oil prices and achieve energy independence by the US.
As part of this project, Biden announced the release of 180 million barrels of crude oil from the US strategic reserve over the next six months and said oil companies would be put under pressure to increase oil production.
