House Democrats Endorse Biden’s Use Of Emergency Oil Reserves As Political Tool
December 14, 2021 By Tristan Justice
House Democrats blocked the “Strategic Petroleum Response Act” on Tuesday in a sign of approval for President Joe Biden’s attempt to artificially bring down gas prices by tapping the nation’s emergency Strategic Petroleum Reserves (SPR).
If passed, the bill would have required the secretary of energy to develop plans to ramp up oil and gas production if the president orders a release from the emergency reserves for a non-emergency reason. In November, Biden tapped the reserves for 50 million barrels, or less than three days’ worth, to bring down high gas prices ahead of the Thanksgiving holiday. High gas prices are hovering around $80 per barrel, but prices routinely eclipsed the $80 mark during the Obama administration, nullifying Biden’s emergency claim.
“America’s Strategic Petroleum Reserve is one of the nation’s most valuable energy security tools, and this president and the Democrats are squandering it, using it for a political coverup for their anti-fossil fuel agenda,” said Michigan Republican Fred Upton on the House floor.
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https://thefederalist.com/2021/12/14/house-democrats-endorse-bidens-use-of-emergency-oil-reserves-as-political-tool/
