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How tapping strategic oil reserve will affect U.S. gas prices, OPEC+

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Correction: The transcript of this piece has been changed to reflect that President Gerald Ford signed a law creating an emergency stockpile of crude oil in 1975, not in 1973 as originally stated. We regret the error.

President Joe Biden is tapping an emergency stockpile of oil to stem a rising tide of energy prices. His order Tuesday draws 50 million barrels of crude oil from the nation's Strategic Petroleum Reserve. William Brangham begins the report, and Judy Woodruff speaks to Bob McNally of Rapidan Energy Group for how The Organization of the Petroleum Exporting Countries could react and more.

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Category
U.S. & Canada
Tags
Inflation, fuel, gas
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