U.S. President Joe Biden outlined a series of steps the White House is taking to reduce high prices at the pump. The U.S. President called on Congress on Thursday to make American oil companies pay fees on wells from leases they have not used in years and on acres “that they are hoarding without producing,” as part of a plan to respond to “Putin’s price hike at the pump.” While the Administration announced a massive release of 180 million barrels of oil from the Strategic Petroleum Reserve (SPR) over six months, the…
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