President Biden is under pressure to release oil from the Strategic Petroleum Reserve. Here’s how it works, and how it might lower prices (modestly, and maybe not for long).
The administration says the country must pivot away from fossil fuels but backed a project set to produce more than 100,000 barrels of oil each day for 30 years.
Venezuela’s oil reserves, the world’s largest, transformed the country and the global energy market. Now its oil sector is grinding to a halt — perhaps never to recover.
