By Julia Horowitz, CNN BusinessFor years, billionaire investor Warren Buffett has been sitting on a mountain of cash. Greg Abel, the Berkshire vice chairman who oversees Berkshire Energy and the company’s other non-financial businesses, was tapped last year to eventually succeed Buffett — now 91— as Berkshire CEO. The 60 million barrels will come on top of the record 180 million barrels of oil that President Joe Biden recently announced would be released from America’s reserves. The United States plans to release 1 million barrels a day over the course of the next six months. Members of Congress grilled Big Oil executives about the spike in gas prices at a hearing on Wednesday.

Source: CNN April 07, 2022 18:48 UTC