Saturday, September 6, 2025
Analysis: Biden's oil reserves bet mixes China outreach with appeal to U.S. voters- oil and gas 360

Analysis: Biden’s oil reserves bet mixes China outreach with appeal to U.S. voters

Reuters WASHINGTON, Nov 23 – President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United States’ biggest economic rival can help dampen fuel prices for middle class Americans. The move, announced by the U.S. on Tuesday, underscores the complicated relationship Biden is

Biden oil reserve release an 'ineffectual band aid' that won't replace domestic production, critics say- oil and gas 360

Biden oil reserve release an ‘ineffectual band aid’ that won’t replace domestic production, critics say

Fox Business A number of critics, including the U.S. Chamber of Commerce and former President Trump, opposed President Biden‘s decision to tap into the Department of Energy‘s Strategic Petroleum Reserve, slamming the Biden administration for “ineffectual band aids” that will not replace domestic production.   Biden, on Tuesday morning, said the Department of Energy will release 50 million barrels of oil held in the