U.S. Buying 3 Million Oil Barrels For Reserves—Suggesting End To Gas Price Crisis
Written by Black Hot Fire Network on December 16, 2022
Topline
The Department of Energy announced Friday it would purchase 3 million barrels of oil to replenish the U.S. strategic reserve and strengthen energy security, as oil (and related gas) prices have dropped since the summer, when the administration tapped the reserve to counter an energy crisis sparked in part by Russia’s invasions of Ukraine.
The U.S. will buy 3 million oil barrels to replenish reserves.
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Key Facts
The purchase, following an 
