From “The Wall Street Journal”:

President Biden made an unprecedented move to release oil from America’s petroleum reserves in 2022, turning the White House into an active player in the crude market. This action helped stabilize surging oil prices after Russia’s invasion of Ukraine and brought in billions of dollars to the Energy Department. This move was unusual for a head of state and commander in chief, but it had a significant impact on the oil market and the economy.



Read more: Meet America’s Newest Oil Trader Extraordinaire: Joe Biden