Biden Announces <br />Historic Oil Release , From Strategic Reserve.<br />NPR reports President Joe Biden has <br />ordered a never-before-seen release of <br />oil from the United States' stockpile.<br />NPR reports President Joe Biden has <br />ordered a never-before-seen release of <br />oil from the United States' stockpile.<br />He's also moving forward to punish oil conglomerates who haven't increased <br />output on unused leases on federal land.<br />Biden hopes these steps will <br />help to lower gas prices in America.<br />Officials say this will be the largest release of oil reserves in the history of the United States.<br />After consultation with allies <br />and partners, the president will announce the largest release <br />of oil reserves in history, , White House, via statement.<br />After consultation with allies <br />and partners, the president will announce the largest release <br />of oil reserves in history, , White House, via statement.<br />... putting one million additional barrels on the market per day on average -- every day -- <br />for the next six months. , White House, via statement.<br />... putting one million additional barrels on the market per day on average -- every day -- <br />for the next six months. , White House, via statement.<br />Biden says lawmakers must "make companies pay fees on wells from their leases that they haven't used in years and on acres of public lands that <br />they are hoarding without producing.".<br />Biden says lawmakers must "make companies pay fees on wells from their leases that they haven't used in years and on acres of public lands that <br />they are hoarding without producing.".<br />Companies that are producing from their leased acres and existing wells will not face higher fees, , Via White House fact sheet, as reported by CNN.<br />... but companies that continue to <br />sit on non-producing acres will have to choose whether to start producing or pay a fee for each idled well and unused acre. , Via White House fact sheet, as reported by CNN.<br />... but companies that continue to <br />sit on non-producing acres will have to choose whether to start producing or pay a fee for each idled well and unused acre. , Via White House fact sheet, as reported by CNN.<br />As the price of gasoline in the United States continues to soar, experts say there <br />isn't much more Biden can do.<br />As the price of gasoline in the United States continues to soar, experts say there <br />isn't much more Biden can do
