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It's Too Late to Bring Travel Prices Down This Holiday Season
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November 23, 2021
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2:47Now PlayingPresident Joe Biden wants Americans to dramatically scale back their use of gasoline. And he wants that fuel to be as cheap as he can get it.
If you sense a contradiction there, you’re hardly alone.
In the past several weeks, Biden has urged the world to move faster against climate change and phase out the fossil fuels causing it. But on Tuesday he confirmed the U.S. is opening the spigots on its Strategic Petroleum Reserve, releasing 50 million barrels to bring down gasoline prices, working in concert with China, India, Japan, South Korea and the U.K. That comes less than a week after a long-delayed sale of oil-exploration leases in the Gulf of Mexico which enraged environmentalists. He even asked OPEC to ramp up oil production at a faster pace.
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