Schumer silent on Biden oil purchase after blasting Trump for 'bailout for big oil'
Story by Julia Johnson • 14h •
Senate Majority Leader Chuck Schumer, D-N.Y., didn't criticize President Biden's Department of Energy for a massive oil purchase to help replenish the Strategic Petroleum Reserve (SPR), despite slamming former President Trump in 2020 for attempting to include a similar purchase in a stimulus package.
The DOE announced a 4.65 million barrel oil purchase on Monday for the purpose of working to replenish the SPR, which has been tapped by the Biden administration to assist with high gas prices. The department bought the oil for an average price of $77.
"From the beginning, this administration has put the economic and energy security of the American people first. This milestone is a proof point that when the Biden-Harris Administration makes and implements a plan, we deliver for the American people," Secretary of Energy Jennifer Granholm said in a statement.
"As promised, we have secured the 180 million barrels back to the Strategic Petroleum Reserve released in response to Putin’s war in Ukraine – and we accomplished this while getting a good deal for taxpayers and maintaining the readiness of the world’s largest Strategic Petroleum Reserve," she continued.
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