What was the primary reason for the Biden administration's release of 180 million barrels from the SPR?
Hochstein: Those kinds of profits need to be reinvested

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To support renewable energy initiatives
To lower domestic gas prices
To counteract Russia's use of energy as a weapon
To increase U.S. oil production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what price per barrel does the Biden administration plan to refill the SPR?
$90
$60
$70
$80
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are oil companies criticized despite high profits?
For not investing in renewable energy
For reducing workforce
For not increasing production
For exporting too much oil
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the administration's stance on a windfall tax for oil companies?
It is mandatory for all companies
It is already implemented
It is not being considered
It will be considered if profits are not reinvested
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key point of disagreement between the oil industry and the White House?
The need for more refineries
The price of oil
The long-term role of fossil fuels
The role of renewable energy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is California's proposal regarding refining margins?
To increase them
To eliminate them
To limit them
To standardize them
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected of oil companies regarding their profits?
To reinvest them in the U.S. economy
To distribute them to shareholders
To invest in foreign markets
To save them for future use
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