President Biden Tapping Oil Reserve For 6 Months To Control Gas Prices

The video discusses the release of 1,000,000 barrels of oil per day from the Strategic Petroleum Reserve to lower gas prices. This release, the largest in history, will last six months. The White House is coordinating with unspecified partners. An exit plan is in place to replenish the reserve when oil prices decrease.

What is the primary goal of releasing 1,000,000 barrels of oil per day from the Strategic Oil Reserve?

• To increase oil prices

• To lower gas prices

• To export more oil

• To reduce oil consumption

What is unique about this oil release from the Strategic Petroleum Reserve?

• It is the smallest release in history

• It is the first release in history

• It is the largest release in history

• It is the most expensive release in history

How long is the oil release from the Strategic Oil Reserve planned to last?

• Nine months

• Six months

• Three months

• One year

Who is coordinating the oil release with the administration?

• The partners are not specified

• OPEC

• The United Nations

• The European Union

What is the administration's plan once oil prices decrease?

• To replenish the reserve

• To sell the reserve

• To increase oil exports

• To stop oil production