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President Joe Biden initiated a release on Thursday of around one million barrels of oil per day from the U.S., strategic petroleum reserve for the next six months in an attempt to combat the nation’s spiking gas prices. “The bottom line is if we want lower gas prices we need to have more oil supply right now,” the President said. “This is a moment of consequence and peril for the world, and pain at the pump for American families.” Biden said that the timetable for when prices might start to decrease is unknown, but that prices should go down “fairly significantly.” He predicted that Americans…