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Top Republicans introduce bill forcing Biden to increase US oil and gas production

Thomas Catenacci

A group of top Republicans in the House introduced a bill on Thursday that would force President Joe Biden to increase domestic oil and gas production as he taps the nation’s emergency stockpile. family.

Strategic Production Response Act will be required Department of Energy to develop a fossil fuel extraction plan on federal lands each time the government taps the Strategic Petroleum Reserve (SPR) for non-emergency purposes, Republicans announced.

Invoice is a companion to a introduce by the Republican Party of the Senate Energy and Resources Committee on December 1.

“The Strategic Petroleum Reserve was established by Congress in response to oil supply disruptions that may arise after natural disasters or war,” said Energy and Trade Ratings Committee Member Cathy McMorris Rodgers, a of the bill’s sponsors, said in a statement. “The SPR is not seen as a relief to the President’s anti-fossil fuel agenda, which has led to seven-year high gas prices.”

“Releasing oil from the Strategic Petroleum Reserve is not a long-term solution to helping disadvantaged working families devastated by these failed policies,” said Rodgers.

On November 23, Biden ordered the Department of Energy to release 50 million barrels of crude oil from the SPR in an effort to prevent Petrol prices soar before Thanksgiving. The price of oil, an important factor in determining the price of gas, rapidly increase after notice, however.

Industry expert slam shut This action, shows it is politically motivated and will not solve the problem of the US supply chain crisis. Dan Kish, a senior fellow at the Institute for Energy Studies, said it was a “skeptic move” from the Biden administration’s point of view. policy limit fossil fuel production United States

“This very temporary measure will not solve the supply problem at the pump, nor will it be a solution to the price of gas that has doubled last year,” said Michigan Rep. Fred Upton, a Republican. on a House energy subcommittee and another donor. of the bill introduced on Thursday, told the Daily Caller News Foundation after the SPR release was announced.

The average price of gasoline in the US hit $3.34 per gallon on Thursday, 54% higher than a year ago, follow to AAA data. The price of the pump has fall in recent weeks out of concern of the spread Omicron variant of COVID-19, but prices remain near seven-year highs.

Republican Steve Scalise of Louisiana, the third sponsor of the bill introduced on Thursday, has previously stated that the SPR cannot be used as a “pigger just to bail you out when the politicians Your failed book creates higher gas prices” in answer a question from DCNF at an October event.

Meanwhile, the White House is considering another measure, a potential ban on crude oil exports, that economists and experts say. speak will take the lead higher inflation and gas prices. Dozens of Republicans in the House of Representatives lined up opposites to such a ban last week.

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https://www.tampafp.com/top-republicans-introduce-bill-forcing-biden-to-boost-us-oil-gas-production/ Top Republicans introduce bill forcing Biden to increase US oil and gas production

DUSTIN JONES

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