With the flow of Libyan oil at a stalemate, the President ordered the release of 60 million barrels over the next 30 days to keep the world supply stable and gas prices from increasing.
The move was made in concert with the International Energy Agency (IEA), partly to assist countries like Italy that are highly dependent on Libyan oil. With the U.S. tapping into its strategic reserve, European nations will be able to draw more from Nigerian and Algerian crude, reports John M. Broder and Clifford Krauss.
While a press release from the Department of Energy emphasizes the worldwide benefits, it also recognizes the U.S. interest:
"As the United States enters the months of July and August, when demand is typically highest, prices remain significantly higher than they were prior to the start of the unrest in Libya."
Created in the 1970s during the Middle East oil crisis, the Strategic Petroleum Reserve is rarely tapped.
FULL STORY: Global Oil Reserves Tapped in Effort to Cut Cost at Pump

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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