CEO Warns Biden Put US in a ‘Very Precarious Position’ After More Oil Is Released

CEO Warns Biden Put US in a ‘Very Precarious Position’ After More Oil Is Released
A gas pump is seen situated while pumping gas at a Shell gas station in Houston, Texas, on April 1, 2022. Brandon Bell/Getty Images
Jack Phillips
Updated:

An oil CEO said the White House put the United States in a “very precarious position” after another significant release of oil from U.S. reserves.

After President Biden announced an additional 15 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) would be released to combat rising gas prices just weeks before the midterm elections, one American oil industry leader is now calling it the “strategic political reserve.”

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
twitter
Related Topics