Josh Boak and Colleen Long

Government, Fuel

US to Release 50 Million Barrels of Oil to Ease Energy Costs

Oil reserves tapped to quell energy costs An oil tanker passes near an offshore oil and gas platform off the coast of Long Beach, Calif. (Tim Rue/Bloomberg News)

President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom.

Josh Boak and Colleen Long | Associated Press
November 23, 2021