Will Tapping the US Oil Reserve Lower Gas Prices?
We ran the numbers: There are 2578 news articles covering this topic. 13% (343) are left leaning, 36% (915) are center, and 51% (1320) are right leaning.
The White House announced on Tuesday that the Department of Energy will release 50 million barrels of oil from the nation’s Strategic Petroleum Reserve. While left-leaning articles highlight that the price of natural gas has nearly doubled in the past year, right-leaning articles highlight that the decision ends weeks of speculation that President Joe Biden would resort to the measure as high prices cut into his approval ratings.
A left-leaning article by The Washington Post highlights that the price of natural gas has nearly doubled in the past year. According to the U.S. Energy Information Administration, households that heat with propane could spend up to 94 percent more on their energy bills than they did a year ago.
The Hill published a centrist article reporting that of the 50 million barrels, 32 million will eventually be returned to the strategic reserve over the years ahead. Another 18 million barrels will be released as an acceleration of an oil sale Congress had already authorized.
A right-leaning article by The Washington Examiner highlights that the decision ends weeks of speculation that President Joe Biden would resort to the measure as high prices cut into his approval ratings. The decision came in spite of opposition from domestic oil producers.
From the left
Home heating prices are soaring. There’s not much we can do about it for now.
The Washington Post
From the center
'Biden administration to release 50 million barrels of oil from strategic reserve
The Hill