Preet Banerjee's video: Biden announces release of 180 Million barrels of oil from strategic reserves: Will gas prices fall

On March 31st, 2022 Joe Biden announced the release of a staggering 180 million barrels of oil from the U.S.'s Strategic Petroleum Reserve in order to try and cool gas prices. Will it work? Has it been done before? And what is the Strategic Petroleum Reserve? 00:00 Intro 00:55 White House announcement 01:59 What is the Strategic Petroleum Reserve? 03:04 Why and when was the SPR established? 04:17 How often has the SPR been used in the past? 05:05 Will this bring down gas prices? , prices WATCH MORE OF MY MOST POPULAR VIDEOS: When does renting make more sense than buying a home?: https://www.youtube.com/watch?v=KAMeI4uHAFE How to calculate your Net Worth: https://www.youtube.com/watch?v=KhSnNtdYR9Y How to find more money to save: https://www.youtube.com/watch?v=Tl-e7tIgcl0 My podcast about "Mostly Money" things: https://www.buzzsprout.com/5821 ABOUT ME: I've hosted a personal finance TV show on the Oprah Winfrey Network, used to be a stockbroker, went to school to become a racecar driver (failed), founded a fintech company that provides financial planning software to financial advisors who want to help more people who don't have lots of money, and I consult with wealth management companies on commercializing applications of behavioral finance. I'm also quite fond of donuts. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: http://www.youtube.com/user/preet182?sub_confirmation=1 MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/gp/product/0143183516/ref=as_li_tf_tl?ie=UTF8&camp=15121&creative=330641&creativeASIN=0143183516&linkCode=as2&tag=whercom-20 FOLLOW ME ON TWITTER http://twitter.com/preetbanerjee WEBSITE: http://www.preetbanerjee.com