RE:RE:USA and India Release their Oil ReservesThis is absolute madness on Biden's part.
Giving away the reserves today means far fewer options in the future.
Biden may noy understand it but the US currency is based on oil. If he ends up separating the price of oil from US dollars, by a further move to begin punishing OPEC as described at oilprice.com yesterday, then Russia and China can step in and formally take oil off of the US dollar. The US dollar would lose over 50% of its value overnight.
Biden could make his mark on history in a very negative way by increasing debt to 30 Trillion and the removing the pin that holds the US dollar in place.
Buy a farm; grow your own food; get a gun.
cleareye.