{"id":1048439,"date":"2021-11-23T13:29:43","date_gmt":"2021-11-23T18:29:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048439"},"modified":"2021-11-23T13:29:46","modified_gmt":"2021-11-23T18:29:46","slug":"biden-taps-into-strategic-petroleum-reserve-to-release-50-million-barrels-of-oil-to-lower-gas-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-taps-into-strategic-petroleum-reserve-to-release-50-million-barrels-of-oil-to-lower-gas-prices\/","title":{"rendered":"Biden taps into Strategic Petroleum Reserve to release 50 million barrels of oil to lower gas prices"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-taps-into-strategic-petroleum-reserve-to-release-50-million-barrels-of-oil-to-lower-gas-prices%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048439&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2590695\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2590695\" class=\"wp-caption-text\">Chevron Gas prices over the $5 mark are displayed in Visalia, Calif., Tuesday, Nov. 16, 2021. (AP Photo\/Rich Pedroncelli)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 10:21 AM PT \u2013 Tuesday, November 23, 2021<\/h5>\n<p>Joe Biden is tapping into the Strategic Petroleum Reserve to release 50 million barrels of oil. <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/11\/23\/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world\/\">The White House announced the move<\/a> Tuesday morning as Americans get ready to travel for the Thanksgiving holiday.<\/p>\n<p>Specifically, the Department of Energy will release 32 million barrels of oil as part of an exchange that will be returned to the reserve in the coming years. 18 million barrels will be released over the next several months from a sale that Congress had previously authorized.<\/p>\n<p>While the statement admits Americans are hurting due to rising gas prices, the administration seems to be engaging in damage control by attempting to praise Biden\u2019s actions so far. China, India, Japan, South Korea and the U.K. will also tap into their reserves in a coordinated effort to lower prices.<\/p>\n<p>Meanwhile, the 45th president is questioning the Biden administration\u2019s move. In a statement released Tuesday, Donald Trump pointed out during his time in office the U..S was energy independent, in turnn, leading to lower oil prices. He also pointed out he filled the Strategic Oil Reserves in case of emergency when prices were low.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW!<\/p>\n<p>President Donald J. Trump:<\/p>\n<p>&#8220;..We were energy independent one year ago, now we are at the mercy of OPEC, gasoline is selling for $7 in parts of California, going up all over the Country, and they are taking oil from our Strategic Reserves. Is this any way to run a Country?&#8221; <a href=\"https:\/\/t.co\/BMOtr9XZug\">pic.twitter.com\/BMOtr9XZug<\/a><\/p>\n<p>\u2014 Liz Harrington (@realLizUSA) <a href=\"https:\/\/twitter.com\/realLizUSA\/status\/1463130037595643907?ref_src=twsrc%5Etfw\">November 23, 2021<\/a><\/p>\n<\/blockquote>\n<p>Despite this, Biden plans to tap into the emergency oil reserves in an attempt to combat high energy prices ahead of the holiday season. However, trump noted those reserves are meant to be used for serious emergencies such as war and nothing else.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/mrna-vaccine-inventor-suggests-collusion-between-cnn-pfizer-2\/\">MRNA Vaccine Inventor Suggests Collusion Between CNN, Pfizer<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Chevron Gas prices over the $5 mark are displayed in Visalia, Calif., Tuesday, Nov. 16, 2021. (AP Photo\/Rich Pedroncelli) OAN NewsroomUPDATED 10:21 AM PT \u2013 Tuesday, November 23, 2021 Joe &#8230;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1048439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1048439"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1048439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1048439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1048439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}