Despite the best efforts of the Biden administration to move toward green alternatives, oil remains a vital commodity to not only the American economy but also global civilization in general. Easy access to the substance can be the deciding factor between a country’s prosperity and its descent into chaos and poverty.
On Tuesday, the Biden administration announced that it had canceled plans to help refill the Strategic Petroleum Reserve, citing a rise in crude oil prices to $85 a barrel. The government had previously announced in March that it would solicit up to 3 million barrels for a facility in Louisiana as part of its efforts to resupply the SPR.
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