Biden to Release 1 Million Barrels of Oil Daily from the US Reserves | EWTN News Nightly

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The Biden Administration will release 1 million barrels of oil from the US reserves every day for the next 6 months. The move is an effort to relieve some of the inflation associated with high gas prices. The White House says, "This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up." Editor and Columnist at StockInvestor.com and DividenInvestor.com, and author of "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain," Paul Dykewicz, joins to talk about President Biden's plan to release oil from the reserves in such large amounts and whether this can actually help to lower gas prices. Dykewicz shares how much Russia's invasion of Ukraine has impacted our economy and whether he believes we are headed into a recession. The President of BlackRock, the Investment Management Company, said on Tuesday we have "an entitled generation that has never had to sacrifice" before. Dykewicz gives us his reaction to that. Mortgage rates rose again this week according to Freddie Mac. The editor and author fills us in on his concerns for the housing bubble. Don't miss out on the latest news and analysis from a Catholic perspective. Get EWTN News Nightly delivered to your email: https://ewtn.com/enn