Biden Draws 15 Million More Barrels of Oil From SPR

The video discusses strategies to reduce gas prices, including releasing 15 million barrels from the Strategic Petroleum Reserve. It highlights the impact of these drawdowns on lowering oil prices and outlines a 'ready and release' plan to prevent future price spikes. The video also announces a plan to refill the reserve when oil prices drop to $70 per barrel, ensuring a profit for taxpayers and encouraging oil companies to increase production.

At what price per barrel will the U.S. government purchase oil to refill the reserve?

Why is refining and refilling the reserve at $70.00 a barrel considered critical?