The United States plans to release approximately one million barrels of oil a day from its reserves for six months starting in May—a move that Autoblog describes as “a historic drawdown underscoring White House concern about rising gas prices and supply shortages” following Russia’s invasion of Ukraine. They add that President Joe Biden will also invoke “Cold War powers to encourage domestic production of critical minerals for batteries for electric-vehicles and other uses.” (Source: Autoblog) Read the original article.
