The Aporia
3 articles about 3 events for “US Oil Reserve Release” from Semafor.
“In the 15 years since the oil company went public, it has leveraged savvy fracking skills and astute acquisitions to grow from a scrappy West Texas driller — its stock ticker is FANG — to a behemoth responsible for about 4% of US oil production.”
“…d Biden often and loudly for authorizing, in 2022, a record release of oil from the Strategic Petroleum Reserve, which they framed as an irresponsible stab at tamping down US fuel prices ahead of an election at the expense of long-term American security…”
“The US will offer to loan energy producers up to 40 million barrels of oil, which is what remains of the 172 million-barrel commitment the government made in March.”