Why Biden Wants To Release More Oil From The SPR

Last week, the White House caused a splash by announcing that President Biden was ready to release more crude from the strategic petroleum reserve. That would be on top of the largest-ever release of 180 million barrels, approved earlier this year as a tool for bringing down retail fuel prices. Back then, experts warned this tool could hurt its wielder. Now, the danger seems to be even greater. “We remain very able, very vigilant: if we need to deal with additional challenges with supply, with affordability, we’ll have additional opportunity…