Biden Lays Out 3-Step Plan To Bring Oil Prices Down

In a live speech at the White House on Wednesday, U.S. President Joe Biden unveiled what he called three “critical” steps to ensure American energy security as Russia’s war with Ukraine rages on and OPEC+ prepares to cut production in November.  Biden said the first critical step would see the Department of Energy (DoE) release another 15 million barrels from the Strategic Petroleum Reserve (SPR), extending the release through the month of December in order to help bring oil prices down further and give American families…