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President Biden is expected to announce a major ongoing release of oil from America's Strategic Petroleum Reserve on Thursday, in response to high gas prices and oil companies' refusal to increase production while oil and gas prices remain high.
The plan, which the president is scheduled to reveal later today at the White House, would release one million barrels of oil a day for several months—a significant supply boost considering America's daily oil consumption of roughly 20 million barrels. Within hours of the news, the international benchmark oil price fell by more than five percent.
The New York Times reports that if the plan is fully put in place, the U.S. would release 180 million barrels from the reserve, which currently holds about 550 million barrels, and has a total capacity of 714 million barrels.
Jump-starting critical minerals
President Biden is also preparing to invoke the Defense Production Act as soon as this week in an effort to increase production of batteries and reduce America's long-term oil dependence. A source told CNN that the order would "in no way" bypass environmental reviews or permitting requirements for new mines. The determination would fund feasibility studies for new production, as well as productivity and safety upgrades at existing facilities.
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Maybe, by playing good cop-bad cop, the outdoor gear industry can have an influence on Utah that it could never have by being all in or all out. But what’s more likely is that the anti-public lands faction that controls state government will feel like 
