After Killing Keystone Pipeline, Joe Biden to Release Emergency Oil Reserves to Combat High Gas Prices

President Joe Biden on Tuesday will announce the release of emergency oil reserves to combat high energy prices ahead of the busy holiday travel season, but it will be weeks before the barrels hit the market. The Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve, according to the White House — the largest release from the reserve in US history, according to a White House spokesperson.

The Keystone Pipeline would’ve brought in 1 million barrels of oil per day from Canana. But instead, Biden wants to use our emergency supply of oil as a stopgap measure to help his sagging approval numbers.

RELATED: Keystone XL pipeline developers seek $15 billion for cancellation in one of biggest trade appeals against U.S. ever

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s