Pippa Stevens of CNBC reports that the U.S. will tap oil reserves in an effort to lower prices.
- The U.S. will release 50 millions barrels of crude from the Strategic Petroleum Reserve in an effort to lower gas prices.
- Rather than looking to the Petroleum Reserve to lower prices, the Biden administration should reduce barriers for American producers to allow them to flourish.
- This is what happens when an “everything but” energy policy displaces an “all of the above” strategy.
Read the full article here.