{"id":1701252,"date":"2022-10-18T13:17:06","date_gmt":"2022-10-18T17:17:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1701252"},"modified":"2022-10-18T13:33:24","modified_gmt":"2022-10-18T17:33:24","slug":"biden-to-release-another-10-15-million-barrels-of-oil-from-strategic-reserve-before-midterms","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-release-another-10-15-million-barrels-of-oil-from-strategic-reserve-before-midterms\/","title":{"rendered":"Biden to Release Another 10-15 Million Barrels of Oil From Strategic Reserve Before Midterms"},"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\">28<\/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-to-release-another-10-15-million-barrels-of-oil-from-strategic-reserve-before-midterms%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=1701252&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--><p class=\"subheading\">President Joe Biden plans to release even more barrels of oil from the federal government\u2019s strategic reserves to keep gas prices low before the midterm elections.<\/p>\n<p class=\"a8d-pre\">Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve.<\/p>\n<p>Biden\u2019s latest decision marks more than 200 million barrels set for release in less than two years as president, <a href=\"https:\/\/www.wsj.com\/articles\/bidens-america-is-running-on-empty-opec-strategic-petroleum-reserve-pipeline-fossil-fuel-saudi-arabia-11663881235\">more<\/a> than all previous presidents combined according to the Wall Street Journal.<\/p>\n<p class=\"a8d-pre\">The oil reserves are <a href=\"https:\/\/www.reuters.com\/markets\/us\/crude-us-emergency-reserve-falls-lowest-since-oct-1984-2022-09-12\/\">currently<\/a> at the lowest level since 1984.<\/p>\n<p>Despite Biden\u2019s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day.<\/p>\n<p lang=\"en\" dir=\"ltr\">Gas prices hit a record high in Los Angeles County of $6.466 per gallon on Monday morning, soaring past the previous record set during the nationwide price surge this past spring. <a href=\"https:\/\/t.co\/ig2EjcJIRO\">https:\/\/t.co\/ig2EjcJIRO<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1577008669350297629?ref_src=twsrc%5Etfw\">October 3, 2022<\/a><\/p>\n<p>The president expressed his disappointment with OPEC+ and Saudi Arabia\u2019s decision, despite administration officials <a href=\"https:\/\/www.breitbart.com\/politics\/2022\/10\/13\/white-house-confirms-attempt-to-convince-saudis-to-postpone-oil-cuts-until-after-midterm-election\/\">working<\/a> behind the scenes urging them to delay their cuts until after the midterm elections.<\/p>\n<p class=\"a8d-pre\">Biden recently campaigned in California where gas prices are nearly seven dollars a gallon.<\/p>\n<p>When asked about prices approaching seven dollars a gallon in the state, Biden replied, \u201cWell, that\u2019s always been the case here.\u201d<\/p>\n<p>Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer.<\/p>\n<p>\u201c[A] lot of it is the result of getting the cost of living at the gas pump down by more \u2014 now even in California now \u2014 by more than a dollar nationally and \u2014 since the start of summer,\u201d he said during a speech on Americans suffering from higher costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden plans to release even more barrels of oil from the federal government\u2019s strategic reserves to keep gas prices low before the midterm elections. Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve. Biden\u2019s latest decision marks more &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1701252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701252","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1701252"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896004"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1701252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1701252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1701252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}