Media Tip Sheet: U.S. To Release 15M More Barrels of Oil


October 19, 2022

pumping gas

In an effort to combat high prices at the pump, President Joe Biden is planning to announce the release of 15 million more barrels of fuel from the Strategic Petroleum Reserve. It comes weeks after the OPEC+ group of oil-producing nations announced production cuts.

Faculty experts at the George Washington University are available to offer analysis, insight, and commentary on the president’s decision as well as the current state of the oil industry and production overall. To schedule an interview with an expert, please contact GW Media Relations Specialist Cate Douglass at [email protected].  

Robert J. Weiner is a professor of international business, public policy & public administration, and international affairs. Weiner’s research interests focus on energy security, oil & corruption, petroleum fiscal vulnerability, dynamics of energy crises, foreign investment in the Russian petroleum industry, oil speculation and market turbulence, and privatization and the behavior of state-owned enterprises in the world petroleum market.

Hossein Askari is the Iran Professor Emeritus of International Business and International Affairs. He has served as chairman of the International Business Department and as director of the Institute of Global Management and Research. His areas of expertise include international trade and finance, oil economics, and economic sanctions.

-GW-