They were out there in their suits and ties and wingtips with hammers and tool belts, and they built it straight up.
In 1973, after the Arab oil embargo left America standing in gas lines with no cushion to fall back on, it's insurance essentially.
The Biden administration released 180 million barrels during the Ukraine war in 2022, and the Trump administration has released 172 million barrels this last March when the Strait of Hormuz got squeezed.
That second release was actually part of a coordinated 400 million barrel push from international energy agency countries like Canada, Japan, and South Korea to cushion the blow to global oil prices.
One of the reasons that the price of oil here domestically did not hit $150 a barrel.
They were out there in their suits and ties and wingtips with hammers and tool belts, and they built it straight up.
In 1973, after the Arab oil embargo left America standing in gas lines with no cushion to fall back on, it's insurance essentially.
The Biden administration released 180 million barrels during the Ukraine war in 2022, and the Trump administration has released 172 million barrels this last March when the Strait of Hormuz got squeezed.
That second release was actually part of a coordinated 400 million barrel push from international energy agency countries like Canada, Japan, and South Korea to cushion the blow to global oil prices.
One of the reasons that the price of oil here domestically did not hit $150 a barrel.
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