U.S. To Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices

Tiger Newspress2022-03-31

The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country.

A fact sheet released by the Biden administration showed that the president plans to tap the nation's Strategic Petroleum Reserve for the next six months as domestic producers ramp up production.

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Comment（36）

cowsmile
·2022-04-01
👍 👏 yes
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robot1234
·2022-04-01
The world top three oil producers are US, Saudi Arabia and Russia. The US is the top producer, averaging 18.6 million b/d to account for 20% of the world production in 2020. Saudi Arabia contributes 10.8 million b/d, representing 11% of the world production. Russia remains a top oil producers with an average of 10.5 million b/d in 2020, accounting for 11% of global production. US President Joe Biden's strategy of releasing up to 180 million barrels from the country’s strategic petroleum reserve (SPR), which involves the release of around 1 million barrels of oil per day for six months will be far from adequate to replace the amount from Russia. At the end of the day, Europe will suffer from heavy shortage of fuel if a drastic sanction of import from Russia is imple
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1
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RichyRick
·2022-04-01
Good news.bring down the price
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1
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Ironman2002
·2022-04-01
Whatever strategy U.S. can think of to control the inflation
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2
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vaicrazy
·2022-04-01
Ok
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1
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Melvin888
·2022-04-01
Not a gd News for oil
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2
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Mindthink
·2022-04-01
Ok
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1
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Oyh
·2022-04-01
Ok
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1
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PeterYC
·2022-04-01
👍
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2
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Ellery111
·2022-04-01
Ok
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3
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mathmadtiffy
·2022-04-01
Send some to hereeeee
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4
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Gackky
·2022-04-01
cut whose gas price, US or the world[Thinking] [Glance]
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6
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PengsieX
·2022-04-01
Biden looking more and more unlikely for 2nd term
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3
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weekendnote
·2022-04-01
Ok
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4
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EHG
·2022-04-01
Like
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4
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MO75
·2022-04-01
Like
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5
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WWTan
·2022-04-01
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AhKeong
·2022-04-01
The biggest winner is clear Oil is used as a weapon.
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Calvin_GKH
·2022-04-01
Wow
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3
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Ccchia
·2022-04-01
K
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The US is the top&nbsp;producer, averaging 18.6 million b/d to account for 20% of the world&nbsp;production in 2020. Saudi Arabia contributes 10.8 million b/d, representing 11% of the world production. Russia&nbsp;remains a&nbsp;top oil producers with an average of 10.5 million b/d in 2020, accounting for 11% of global production. US President Joe Biden's strategy of releasing up to 180 million barrels from the country’s strategic petroleum reserve (SPR), which involves the release of around 1 million barrels of oil per day for six&nbsp;months will be far from adequate to replace the amount from Russia. At the end of the day, Europe will suffer from heavy shortage of fuel if a drastic sanction of import from Russia is imple","listText":"The world top three oil producers are US, Saudi Arabia and Russia. The US is the top&nbsp;producer, averaging 18.6 million b/d to account for 20% of the world&nbsp;production in 2020. Saudi Arabia contributes 10.8 million b/d, representing 11% of the world production. Russia&nbsp;remains a&nbsp;top oil producers with an average of 10.5 million b/d in 2020, accounting for 11% of global production. US President Joe Biden's strategy of releasing up to 180 million barrels from the country’s strategic petroleum reserve (SPR), which involves the release of around 1 million barrels of oil per day for six&nbsp;months will be far from adequate to replace the amount from Russia. At the end of the day, Europe will suffer from heavy shortage of fuel if a drastic sanction of import from Russia is imple","text":"The world top three oil producers are US, Saudi Arabia and Russia. The US is the top producer, averaging 18.6 million b/d to account for 20% of the world production in 2020. Saudi Arabia contributes 10.8 million b/d, representing 11% of the world production. Russia remains a top oil producers with an average of 10.5 million b/d in 2020, accounting for 11% of global production. US President Joe Biden's strategy of releasing up to 180 million barrels from the country’s strategic petroleum reserve (SPR), which involves the release of around 1 million barrels of oil per day for six months will be far from adequate to replace the amount from Russia. At the end of the day, Europe will suffer from heavy shortage of fuel if a drastic sanction of import from Russia is imple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013478620","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013427489,"gmtCreate":1648771055367,"gmtModify":1676534394025,"author":{"id":"3574713327400822","authorId":"3574713327400822","name":"RichyRick","avatar":"https://static.tigerbbs.com/b86ee481aaeabbd2348ddf829e3a56fe","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574713327400822","authorIdStr":"3574713327400822"},"htmlText":"Good news.bring down the price","listText":"Good news.bring down the price","text":"Good news.bring down the price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013427489","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013425738,"gmtCreate":1648770963770,"gmtModify":1676534393979,"author":{"id":"4094301913132990","authorId":"4094301913132990","name":"Ironman2002","avatar":"https://static.tigerbbs.com/784449fc945cf9d5c7b81316e20a221c","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4094301913132990","authorIdStr":"4094301913132990"},"htmlText":"Whatever strategy U.S. can think of to control &nbsp; &nbsp; the inflation","listText":"Whatever strategy U.S. can think of to control &nbsp; &nbsp; the inflation","text":"Whatever strategy U.S. can think of to control the inflation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013425738","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013426058,"gmtCreate":1648770835713,"gmtModify":1676534393954,"author":{"id":"3573989963279471","authorId":"3573989963279471","name":"vaicrazy","avatar":"https://static.tigerbbs.com/5e1fe01bd5dda3f3a00e7197697a8873","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573989963279471","authorIdStr":"3573989963279471"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013426058","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013485868,"gmtCreate":1648769907593,"gmtModify":1676534393376,"author":{"id":"3577938728188071","authorId":"3577938728188071","name":"Melvin888","avatar":"https://static.tigerbbs.com/1f7e36200d6d8c6159f6d35c041d8e3e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577938728188071","authorIdStr":"3577938728188071"},"htmlText":"Not a gd News for oil&nbsp;","listText":"Not a gd News for oil&nbsp;","text":"Not a gd News for oil","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013485868","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013415763,"gmtCreate":1648769501282,"gmtModify":1676534393156,"author":{"id":"4102837759709900","authorId":"4102837759709900","name":"Mindthink","avatar":"https://community-static.tradeup.com/news/89b965229f7209196369426d161728ee","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4102837759709900","authorIdStr":"4102837759709900"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013415763","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013412766,"gmtCreate":1648769462989,"gmtModify":1676534393197,"author":{"id":"3561459567222461","authorId":"3561459567222461","name":"Oyh","avatar":"https://community-static.tradeup.com/news/6efe76978b8678e18a4d96fd589746dd","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3561459567222461","authorIdStr":"3561459567222461"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013412766","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013410955,"gmtCreate":1648769047205,"gmtModify":1676534392914,"author":{"id":"3571448359169660","authorId":"3571448359169660","name":"PeterYC","avatar":"https://static.tigerbbs.com/9ef14f774a72b511343eb2acc028573c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571448359169660","authorIdStr":"3571448359169660"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013410955","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013435739,"gmtCreate":1648768895513,"gmtModify":1676534392861,"author":{"id":"4098658286523540","authorId":"4098658286523540","name":"Ellery111","avatar":"https://static.tigerbbs.com/b77233098d9cbd10d0b9699b3444d910","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4098658286523540","authorIdStr":"4098658286523540"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013435739","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013438400,"gmtCreate":1648768635500,"gmtModify":1676534392791,"author":{"id":"3577846121321034","authorId":"3577846121321034","name":"mathmadtiffy","avatar":"https://static.tigerbbs.com/e2f7f216ad2c7f8d1f8dca48f799f1c7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577846121321034","authorIdStr":"3577846121321034"},"htmlText":"Send some to hereeeee","listText":"Send some to hereeeee","text":"Send some to hereeeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013438400","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013438328,"gmtCreate":1648768584992,"gmtModify":1676534392783,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"cut whose gas price, US or the world[Thinking]&nbsp;[Glance]&nbsp;","listText":"cut whose gas price, US or the world[Thinking]&nbsp;[Glance]&nbsp;","text":"cut whose gas price, US or the world[Thinking] [Glance]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013438328","repostId":1115486794,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9013431586,"gmtCreate":1648768553595,"gmtModify":1676534392783,"author":{"id":"3578047933589423","authorId":"3578047933589423","name":"PengsieX","avatar":"https://static.tigerbbs.com/ebe92821eba3b91a6431d698b66bbed5","vip":2,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578047933589423","authorIdStr":"3578047933589423"},"htmlText":"Biden looking more and more unlikely for 2nd term","listText":"Biden looking more and more unlikely for 2nd term","text":"Biden looking more and more unlikely for 2nd 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