US President Joe Biden confirmed Friday that “more than thirty countries” will follow the example of the United States and resort to its strategic oil reserves in an attempt to reduce prices. Referring to an initiative of the International Energy Agency, Biden said, “This morning, more than thirty countries held an emergency meeting and decided It pumps into the market tens of millions of additional barrels of oil.” And the Democratic President had announced Thursday that, for six months, one million barrels per day from the US Strategic Reserve of oil will be used. Through these measures, Biden seeks to limit the rise in crude prices after he was criticized by the Republican opposition with the approaching date of the midterm legislative elections in November. Making huge profits without investing in production.
