EU

Biden sells more oil reserve as energy prices spike in Europe

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Biden sells more oil reserve as energy prices spike in Europe

An undated photo provided by the Department of Energy shows crude oil pipes at the Bryan Mound site near Freeport, Texas. President Joe Biden is dipping again into the nation’s petroleum stockpile to try to corral rising energy prices.The White House announced Thursday, March 31, 2022, that Biden ordered the release of 1 million barrels of oil per day from the strategic petroleum reserve for the next six months.(Department of Energy via AP)The Biden administration is releasing more oil from the Strategic Petroleum Reserve (SPR) after a failed effort to increase supply from Saudi Arabia. In a statement Tuesday, the White House said the Department of Energy would sell another 20 million barrels of oil from the reserves to stabilize the gas market.

Trump weighs in on Biden’s handling of Russia-Ukraine situation

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GRAND RAPIDS, MI - DECEMBER 9: President-elect Donald Trump looks on during a rally at the DeltaPlex Arena, December 9, 2016 in Grand Rapids, Michigan. President-elect Donald Trump is continuing his victory tour across the country. (Photo by Drew Angerer/Getty Images)The 45th president asserted the ongoing situation between Russia and Ukraine would not be happening if he was still in the White House. Donald Trump released a statement Tuesday, saying he knows Russian President Vladimir Putin very well and the leader would have never done what he’s doing now during the last administration.