The Biden administration is prepared to release more oil from its strategic stockpile to prevent a rise in petrol prices this summer, as it aims to manage inflation ahead of the November election. Amos Hochstein, a top advisor to President Biden, discussed this strategy in a recent interview with the Financial Times. Hochstein emphasized the administration's commitment to ensuring the market is well-supplied to keep prices low for American consumers.
Shortsighted, reckless and an outright threat to US national security during these perilous geopolitical times, I expect nothing less from Biden: “The Biden administration is ready to release more oil from its strategic stockpile to halt any jump in petrol prices this summer, as… https://t.co/dCI8Xgjurk https://t.co/4iox1SuMpz
The Biden administration is ready to release more oil from its strategic stockpile to halt any jump in petrol prices this summer, as the White House battles to contain inflation ahead of the November election. - FT
“We will do everything we can to make sure that the market is supplied well enough to ensure as low price as possible for American consumers,” @amoshochstein told the Financial Times. #oott https://t.co/za7M8AugwG
Top Biden advisor provides insights on oil reserve in recent interview with Financial Times. Stay tuned for more updates. #BidenAdministration #FinancialTimes #OilReserve
The Biden administration is ready to release more oil from its strategic stockpile to halt any jump in petrol prices this summer, as the White House battles to contain inflation ahead of the November election. #oott https://t.co/NdOjWQAHdC
HOCHSTEIN, BIDEN ADVISOR, DISCUSSES OIL STOCKPILE IN FT INTERVIEW