Oklahoma Reps say Biden’s oil move won’t work

Biden hopes to announce decision to release oil from Strategic Petroleum Reserve, but needs an agreement from other nations - CNNPolitics

 

President Biden’s announced decision to release 50 million barrels of oil from the nation’s Strategic Petroleum Reserve, a move aimed at lowering gas prices drew immediate criticism from two Oklahoma congressmen. Both said the problem was one caused by Biden.

Republican Tom Cole, OK-04, said the reserve is supposed to be used during genuine national emergencies and not as a mechanism to reduce the price of gasoline.

“If the Biden Administration wants to lower gasoline prices, it should end its war on the American oil and gas industry,” he said in a statement from his office on Tuesday.

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“It could do so by reversing its decision to limit new exploration and production on federal lands and authorizing construction of the Keystone XL Pipeline. The Trump Administration showed that when domestic production of oil and gas is encouraged, robust economic growth and low gasoline prices can also exist simultaneously.”

Congressman Frank Lucas, another Republican Representative said in response that in  just two years, the United States has gone from energy independent and net exporter to energy dependent.

“After canceling the Keystone XL pipeline and greenlighting Russia’s Nord Stream II, President Biden is now tapping our strategic reserves and imploring OPEC to produce more oil to mitigate a self-inflicted energy crisis,” said the western Oklahoma Representative.

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He said the decision to tap the Strategic Petroleum Reserve is not a sustainable nor responsible policy solution.

Rep. Cole also said the high prices at the pump are directly the result of the Biden Administration’s decision to punish the domestic oil and gas industry.

“That is exactly the wrong approach. In the end, all it does is raise energy costs all Americans are forced to pay, contribute to rapidly rising inflation and make the United States dangerously dependent on foreign countries and producers for its energy needs.”

Rep. Lucas agreed.

“After canceling the Keystone XL pipeline and greenlighting Russia’s Nord Stream II, President Biden is now tapping our strategic reserves and imploring OPEC to produce more oil to mitigate a self-inflicted energy crisis.”
He went on to say the decision to tap the Strategic Petroleum Reserve is not a sustainable nor responsible policy solution. His solution?
“ It’s time to put American energy first and embrace an all-of-the above energy strategy- one that ensures American energy independence and economic prosperity for all Americans.”
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Biden’s decision also drew an immediate critical response from Larry Kudlow, the former Director of the National Economic Council of the U.S. under President Trump.
On Fox News, he said Biden was to blame for high gas prices and there was only one solution.
“Drill, drill drill—frac, frac, frac—produce, produce, produce.”
Wyoming Republican Sen. John Barrasso, Ranking member of the Senate Committee on Energy and Natural Resources added his criticism of Biden’s decision.
“Begging OPEC and Russia to increase production and now using the Strategic Petroleum Reserve are desperate attempts to address a Biden-caused disaster. They’re not substitutes for American energy production.”
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