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US releases 50 million barrels of oil to ease energy costs

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US President Joe Biden has ordered 50 million barrels of oil to be released from the strategic reserve to help bring down the cost of energy

In an announcement by President Joe Biden and the White House on Tuesday, the move was done in coordination with other major energy-consuming nations, including China, India, the United Kingdom, Japan and South Korea.

“This coordinated action will help us deal with the lack of supply, which in turn helps ease prices,”

President Biden said in remarks at the White House on Tuesday.

“Today, we’re launching a major effort to moderate the price of oil, an effort that will span the globe in its reach and ultimately reach your corner gas station, God willing,” Biden said.

President Joe Biden speaks about his administration’s response to the coup in Myanmar in the South Court Auditorium on the White House complex, Wednesday, Feb. 10, 2021, in Washington. (AP Photo/Patrick Semansky)

“Before long, you should see the price of gas drop”

A senior administration official told reporters the releases would start in mid to late December, and that further intervention was possible to steady the market as the US government continues to respond to a “once-in-a-century pandemic”.

“As the president has said, consumers are facing pain at the pump right now,” the official said.

While aimed at global energy markets, the release of the oil also has political implications as US voters prepare to cope with higher inflation and rising prices ahead of US Thanksgiving and winter holiday travel.

Fuel prices reach all-time highs

According to the American Automobile Association, fuel prices are at about $3.40 a gallon, more than double their price a year ago.

Joe Biden has scrambled to reshape much of his economic agenda around the issue of inflation – stating that his recently passed $1 trillion infrastructure package will reduce price pressures by making it more efficient and cheaper to transport goods.

Republican legislators have criticised the administration’s approach, saying the current Biden government is responsible for inflation hitting a 31-year high in October.

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Tyler Robinson arrested for killing activist Charlie Kirk

Tyler Robinson arrested for murdering Charlie Kirk; shared details on Discord, revealing political motives and chilling messages

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Tyler Robinson arrested for murdering Charlie Kirk, shared details on Discord, revealing political motives and chilling messages

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In Short:
– Tyler Robinson, 22, was arrested for allegedly murdering activist Charlie Kirk, 31, at a university event in Utah.
– Witnesses revealed Robinson’s negative views on Kirk and links to anti-fascist sentiments through his messages and actions.
Tyler Robinson, 22, was arrested following the alleged murder of conservative activist Charlie Kirk, 31, during a university event in Utah.
Authorities reported that Robinson shared details about the incident on Discord, discussing his actions after the shooting.
He reportedly inscribed internet culture references on the bullets used, including anti-fascist sentiments.Banner

Witness testimonies indicate Robinson had expressed negative views about Kirk prior to the attack, which he described as “spreading hate.”

He arrived campus in a grey Dodge Challenger and opened fire, leading to Kirk’s immediate collapse. Following the incident, Robinson’s father and a minister turned him in to the police.

Political Context

Robinson’s messages, including references to anti-fascist imagery and memes, indicated a motive tied to Kirk’s political beliefs.

Governor Spencer Cox noted Robinson’s increasing political engagement and dissatisfaction with Kirk’s views in conversations with relatives. The investigation raised concerns over targeted violence linked to political ideology.


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Wall Street bets big on Fed rate cut

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Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.

Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.

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FBI hunts assassin who shot Charlie Kirk at Utah Valley University

Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.

During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.

Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.

President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.

In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.

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Ongoing Investigation

As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.

“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.

“And I just want to remind people that we still have the death penalty here in the state of Utah.

The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.

“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.

“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”

Eyewitness account

Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.

“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.

“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”


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