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World Business Report: First broadcast 23/11/2021 22:32 GMT : US taps Strategic Petroleum Reserve

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Picture: A pipe at a US Strategic Petroleum Reserve facility. Picture credit: Getty Images.

First broadcast 23/11/2021 22:32 GMT 

First broadcast 23/11/2021 22:32 GMT : US taps Strategic Petroleum Reserve

US taps Strategic Petroleum Reserve

BBC World Service - World Business Report, US taps Strategic Petroleum Reserve

Aiming to lower fuel costs, the US has authorised use of the Strategic Petroleum Reserve

Aiming to lower fuel costs, the US has authorised use of the Strategic Petroleum Reserve.

US President Biden has been speaking about the state of economy. And, in a bid to bring down energy prices, the United States is to release fifty million barrels of oil from its strategic reserves. The action is being taken simultaneously with several other countries, and we assess the likelihood of success of the move at curbing inflation. 

Also in the programme, you'd imagine winning the lottery and spending the winnings would be an incredible feeling. But not for a nursery in Southern Mexico. Parents say they are being threatened by a gang following their $950,000 win - many have fled the area. 

Plus, we meet the so-called scambaiters who are taking revenge on telephone scammers. Rosie Okumura tells us why she tries to keep callers on the line whilst recording the calls and releasing them on social media. Monica Vaca is acting deputy director of the US Federal Trade Commission's bureau of consumer protection, and discusses what they are doing to try and tackle scam callers. And Mark Button, professor of security and fraud at the University of Portsmouth, reminds us that many scam callers are engaged in the activity under pressure from organised criminals.

(Picture: A pipe at a US Strategic Petroleum Reserve facility. Picture credit: Getty Images.)

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First broadcast 23/11/2021 22:32 GMT : US taps Strategic Petroleum Reserve

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