Facing rising consumer discontent ahead of Americans hitting the road for the Thanksgiving holiday due to higher prices on gasoline and everything else.
"Today, the President is announcing that the Department of energy would make the release of oil in two ways: 32 million barrels will be an "exchange" over the next several months, and 18 million barrels that would be an acceleration into the next several months.
The actions of this Administration dealing with energy is a little problematic. Earlier (few months ago) blocking the pipe line project with Canada, and stop the drilling in Federal Land, then later release some oil from the reserve and asking the OPIC to increase production, indicates great miscalculation and misguided decisions.
The problem with higher prices of oil, is clearly leading US and the rest of the world to a nowhere but triple profits to OPIC members and triggered a worldwide inflation and economic disaster.
Just an " Oxymoron " thought.
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