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In his remarks Wednesday, Biden said that the federal government would begin to replenish the Strategic Petroleum Reserve when the price per barrel of oil reaches $70. Former President Donald Trump tried to add 77 million barrels to the reserve in 2020 when oil went for about $20 per barrel, but House Democrats blocked the plan.
Biden claimed in his remarks that he had done nothing to impede US oil production — despite the fact that he took several actions to throttle exploration, drilling and transportation of oil last year.
Although domestic production has increased, Biden’s critics point out that he also attempted to impose a moratorium on new oil and gas leases on federal land, canceled the Keystone XL oil pipeline project from Canada into the US and banned oil drilling in the Arctic National Wildlife Refuge.
The US Oil & Gas Administration joined the pile-on, tweeting: “Gonna keep saying this over and over. The Biden Administration has taken dozens upon dozens of actions (over 100 to date) that will make it harder to produce the very US barrels that POTUS needs to refill the SPR.”
“Americans know that Biden has resorted to gimmicks because his anti-US energy agenda has resulted in soaring gas prices,” Republican National Committee Chairwoman Ronna McDaniel said in a statement. “Democrats are to blame for the pain at the pump, the record high utility bills, and soaring energy costs. Voters know Republicans are ready to get our economy back on track and that starts with unleashing American energy.”
Biden releases 15 million barrels from oil reserve
Biden claimed in his remarks that he had done nothing to impede US oil production — despite the fact that he took several actions to throttle exploration, drilling and transportation of oil last year.
Although domestic production has increased, Biden’s critics point out that he also attempted to impose a moratorium on new oil and gas leases on federal land, canceled the Keystone XL oil pipeline project from Canada into the US and banned oil drilling in the Arctic National Wildlife Refuge.
The US Oil & Gas Administration joined the pile-on, tweeting: “Gonna keep saying this over and over. The Biden Administration has taken dozens upon dozens of actions (over 100 to date) that will make it harder to produce the very US barrels that POTUS needs to refill the SPR.”
“Americans know that Biden has resorted to gimmicks because his anti-US energy agenda has resulted in soaring gas prices,” Republican National Committee Chairwoman Ronna McDaniel said in a statement. “Democrats are to blame for the pain at the pump, the record high utility bills, and soaring energy costs. Voters know Republicans are ready to get our economy back on track and that starts with unleashing American energy.”
Biden releases 15 million barrels from oil reserve