Record oil reserve release - Complete human genome - Russians cede Chernobyl

President Biden announced on Thursday that the United States would release up to 180 million barrels of oil [from the Strategic Petroleum Reserve]. [It is] the largest release since that emergency stockpile was established in the early 1970s. But the move will most likely have a modest impact because it cannot make up for all the oil, diesel and other fuels that Russia used to sell to the world but is no longer able to.
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Mr. Biden’s plan, to release one million barrels a day for 180 days, would represent roughly 5% of American demand and 1% of global demand. Russian oil exports are down about three million barrels a day. The U.S. benchmark oil price fell about 6% on Thursday.
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The American Petroleum Institute said Mr. Biden ought to encourage domestic oil production by reducing regulations. [The Biden administration] argues [oil companies] are not producing more energy to increase their profits. Energy experts said the release would pack more punch if other countries also sold oil from their stockpiles.