CNN guest and president of Rapidan Energy Bob McNally said Saturday that President Biden's recent move to tap into the strategic petroleum reserves wouldn't lower gas prices and warned that the U.S. could be "in trouble" if we don't replenish the reserves. CNN EXPERT ON GAS PRICES: ‘REALLY SMART STRATEGY’ WOULD BE TO ‘SIMPLY USE LESS GASOLINE’"Unfortunately, probably not in a good way," he said. Hill and McNally also discussed replacing the barrels of oil in the strategic reserve. Hill noted that this is typically done when oil prices are cheaper and asked if the U.S. needs to worry about replacing the reserve. "If we don't refill the reserves, we're in trouble because there are all kinds of other disruptions in the world.

Source: CNN April 04, 2022 04:28 UTC