Salem Radio Network News Friday, December 3, 2021

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Biden hopes gas prices will drop with release of oil reserves

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President Biden is ordering the release of oil from an emergency stockpile to lower the cost of gasoline. Energy markets are not keeping up with demand which has led to sharply higher prices. In a bid to lower costs, the president ordered 50 million barrels of oil released from America’s strategic reserve. But he acknowledges “it won’t solve the problem of high gas prices overnight.” Several GOP lawmakers criticized the move as ineffective and want to see an emphasis on domestic oil production. GC, Wash.

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