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Gas War: Biden Admin Decides Against Refilling Dwindling Oil Reserves, Citing High Prices

The Truth About Cars

The Biden administration has decided against purchasing oil for the Strategic Petroleum Reserve after promising to refill the nation’s emergency energy supply after it reached a 40-year low. America’s oil reserve is currently authorized to hold more than 720 million barrels of emergency crude oil that can be released under certain conditions.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

I’m going to blog about Sokol later this week—he is a big believer in renewable energy.) The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor.

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