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White House says Biden announces release from the strategic petroleum reserve

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President Biden Announces Release from the SPR As Part of Ongoing Efforts to Lower Prices and Address Lack of Supply Around the World

From whitehouse.gov

Over the last 18 months, the COVID-19 pandemic forced an unprecedented global economic shutdown. As the world is re-opening from a near economic standstill, countries across the globe are grappling with the challenges that arise as consumer demand for goods outpaces supply. But here in the United States, the economic recovery is stronger and faster than anywhere else in the world – according to the Organization for Economic Co-operation and Development, the US is the only one of the major economies to have returned to pre-pandemic gross domestic product levels – in large part due to President Biden’s American Rescue ... (full story)

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