Biden announces oil release, hoping to calm prices as midterms near

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Biden announces oil release, hoping to calm prices as midterms near
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President Biden released 15 million more barrels from the U.S. petroleum reserve, a move aimed at easing gas prices less than three weeks before the midterms and criticized by Republicans. “It’s not politically motivated at all,” he said.

less than three weeks before the midterms. But he brushed aside Republican claims that the move was political, noting that it was not the first time he’d ordered such a withdrawal.

On Tuesday, he spoke about abortion rights, saying that if Democrats gain seats in the Senate and maintain control of the House, the first item on his legislative agenda— a promise aimed at people incensed by the Supreme Court’s decision in June to overturn the landmark 1973 case. Midterm elections historically come in the midst of a dip in the president’s popularity that creates a rough landscape for the party in power, and this one is no exception. George W. Bush is the only president in recent memory whose party gained House seats at the halfway point of his first term, and that came as voters rallied behind him in the aftermath of the Sept. 11, 2001, terrorist attacks.

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