Biden Orders Huge Release of Oil From Reserves

The video discusses the issue of unused oil production permits on federal lands and introduces a 'use it or lose it' policy to encourage companies to either start production or pay fees. It also outlines a plan to release 1 million barrels of oil per day from the Strategic Petroleum Reserve over six months to bridge the gap until production increases. This release is coordinated with international allies to counteract energy threats and stabilize supply.

How does the plan aim to prepare for future emergencies regarding oil supply?

What actions are being taken to coordinate the release of oil with allies and partners around the world?