For the second time this month, House Republicans are trying to limit the president's use of the country's emergency oil supply -- a proposal that has already drawn a threat of veto from the White House. -Emergency withdrawals from the Strategic Petroleum Reserve with new drilling in public areas and oceans. Republicans accuse President Joe Biden of politically abusing the reserve to keep gas prices down, while Biden says it was necessary to increase the reserve last year in response to a ban on Russian oil imports following the president's invasion of tapping into Ukraine Vladimir Putin. Biden withdrew 180 million barrels from the strategic reserve over several months, bringing inventories to their lowest level since the 1980s. The government said last month it would start replenishing the reserve after oil prices fell. White House press secretary Karine Jean-Pierre has criticized the GOP's latest proposal, which follows a law passed two weeks ago that would ban the Department of Energy from selling oil from the strategic reserve to companies owned or by the party to be influenced. "House Republicans will vote to raise gas prices for American families... and support Putin's war goals by interfering with our ability to release oil," Jean-Pierre said, referring to the Republican Party's current law. "These extreme policies would expose working families to immense financial pain and increase our deficit, all to benefit the wealthiest taxpayers and big corporations." to offer relief". Republican Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee and sponsored the GOP bill, accused Granholm and the White House of several misleading claims, including an erroneous claim that the bill explained use of the reserve during one of If necessary, could affect the President. cover up how they used the Strategic Petroleum Reserve as an election year gimmick,” said McMorris Rodgers. pump relief. The best way to do that is to unleash American energy,” added Washington State's McMorris Rodgers. The heated rhetoric is part of a larger battle over oil drilling and climate change. Republicans say the oil lease restrictions imposed by the Biden administration are hampering U.S. energy production and hurting the economy, while Democrats are pushing for a sweeping climate law passed last year as a crucial step to move the country off fossil-fuel like Taking away oil, coal and natural gas. The measure authorizes billions in spending to boost renewable energy like wind and solar, and includes incentives for Americans to buy millions of electric cars, heat pumps, solar panels and more efficient appliances. In his first days in office, Biden canceled the controversial Keystone XL pipeline and suspended new oil and gas leases on federal land, citing the dangers of climate change. The moratorium has since been lifted by court order, but Republicans complain that lease sales for new drilling rights are still limited. Biden backed promises to end new drilling on public land, and climate activists urged him to act faster to shut off oil. Location. Fossil fuels extracted from public lands account for about 20% of energy-related greenhouse gas emissions in the US, making them a prime target for emission reductions aimed at slowing global warming. "Whether on land or at sea, drilling for oil poses an unacceptable risk to our wildlife, wild places and waterways," said Lisa Frank of Environment America, an advocacy group. “When we drill, we spill something. At a time when we should move away from this destructive and dangerous practice and expand the use of renewable energy, this law is duplicating the energy consumed of the past. Banning new drilling off US coasts and in the Arctic National Wildlife Refuge in Alaska. Conservative and industry groups support the bill. sitting under land and sea areas currently off-limits to the president,” the Competitive Enterprise Institute and other conservative groups said in a letter to Congress. The Treasury Department estimates that the release of oil from emergency storage has reduced prices at the pump by as much as 40 cents a gallon. Gasoline prices averaged about $3.50 a gallon Thursday, compared with just over $5 a gallon at their peak in June, according to the AAA Auto Club. Morris Rodgers accused Biden of using the reserve to "cover up his failed policies," which she says raised energy prices and inflation. Average gas prices are up more than 30 cents from the previous month and higher than when Biden took office in January 2021, she and other Republicans noted. Result of the Biden administration's radical "rush-to-green" agenda that crippled American power," said McMorris Rodgers. "There's nothing stopping domestic oil and gas production," she said, a claim disputed by McMorris Rodgers. Discouraging financial investment in the domestic oil and gas industry,” she said, noting that US oil production is well below its 2019 peak of 13 million barrels of oil per day.
WASHINGTON-
For the second time this month, House Republicans are trying to limit the president's use of the country's emergency oil supply -- a proposal that has already drawn a threat of veto from the White House.
A GOP bill, up for a vote on Friday, would require the government to offset all non-emergency withdrawals from the strategic petroleum reserve with new drilling in public lands and oceans. Republicans accuse President Joe Biden of misusing the reserve for political reasons to keep gas prices down, while Biden says the reserve was used last year in response to a ban on Russian oil imports following the president's invasion of Ukraine Vladimir Putin has been necessary.
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Biden withdrew 180 million barrels from the strategic reserve over several months, bringing inventories to their lowest level since the 1980s. The government said last month it would start replenishing the reserve after oil prices fell.
White House press secretary Karine Jean-Pierre has criticized the GOP's latest proposal, which follows a law passed two weeks ago that would ban the Department of Energy from selling oil from the strategic reserve to companies owned or by the party to be influenced.
"House Republicans will vote to raise gas prices for American families... and support Putin's war goals by interfering with our ability to release oil," Jean-Pierre said, referring to the Republican Party's current bill. "These extreme policies would expose working families to immense financial pain and increase our deficit, all to benefit the wealthiest taxpayers and big corporations."
Energy Secretary Jennifer Granholm, appearing with Jean-Pierre at the White House, said the bill would make it "more difficult to offer aid to Americans in the future" due to oil disruptions that could raise prices.
Biden will release 15 million barrels of oil reserves, more are possible
Republican Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee and sponsored the GOP bill, accused Granholm and the White House of several misleading claims, including an erroneous claim that the bill explained use of the reserve during one of If necessary, could affect the President.
"At a time when gas prices are rising, Secretary Granholm and the Biden administration must be transparent with the American people about their efforts to cover up how they used the Strategic Petroleum Reserve as an election-year gimmick," McMorris said Rodgers .
“Republicans want permanent, long-lasting relief at the pump. The best way to do that is to unleash American energy,” added Washington State's McMorris Rodgers.
The heated rhetoric is part of a larger battle over oil drilling and climate change. Republicans say the oil lease restrictions imposed by the Biden administration are hampering U.S. energy production and hurting the economy, while Democrats are pushing for a sweeping climate law passed last year as a crucial step to move the country off fossil-fuel like Taking away oil, coal and natural gas. The measure authorizes billions in spending to boost renewable energy like wind and solar, and includes incentives for Americans to buy millions of electric cars, heat pumps, solar panels and more efficient appliances.
What is the Strategic Petroleum Reserve? And will using the reserve make gas cheaper?
In his first days in office, Biden canceled the controversial Keystone XL pipeline and suspended new oil and gas leases on federal land, citing the dangers of climate change. The moratorium has since been lifted by court order, but Republicans complain that lease sales for new drilling rights are still limited.
Biden backed promises to end new drilling on public land, and climate activists urged him to act faster to end oil leases. Fossil fuels extracted from public lands account for about 20% of energy-related greenhouse gas emissions in the US, making them a prime target for emission reductions aimed at slowing global warming.
"Whether on land or at sea, drilling for oil poses an unacceptable risk to our wildlife, wild places and waterways," said Lisa Frank of Environment America, an advocacy group. “When we drill, we spill something. At a time when we should move away from this destructive and dangerous practice and expand the use of renewable energy, this law duplicates the stale energy of the past.”
Frank urged lawmakers to reject the GOP bill and instead permanently ban new drilling off the coasts of the United States and in Alaska's Arctic National Wildlife Refuge.
Conservative and industry groups support the bill.
"We can continue to make the Strategic Petroleum Reserve the nation's only response to future disruptions, or we can also leverage more of the vast petroleum reserve that resides beneath land and offshore areas currently closed by the President," the Competitive said Enterprise Institute and other conservative groups in a letter to Congress.
The Treasury Department estimates that the release of emergency stockpiled oil has reduced prices at the pump by as much as 40 cents a gallon. Gasoline prices averaged about $3.50 a gallon Thursday, compared with just over $5 a gallon at their peak in June, according to the AAA Auto Club.
Morris Rodgers accused Biden of using the reserve to "cover up his failed policies," which he says are pushing up energy prices and inflation. Average gas prices are up more than 30 cents from the previous month and higher than when Biden took office in January 2021, she and other Republicans noted.
"Millions of Americans are paying more at the pump as a result of the Biden administration's radical 'Rush to Green' agenda that has disrupted American power," McMorris Rodgers said.
Granholm, citing thousands of unused oil company leases, said the GOP's claims of obstruction to drilling were false. "Nothing stops domestic oil and gas production," she said, a claim McMorris Rodgers denied.
"There are many obstacles to developing domestic oil and gas production, including tough regulations and this administration's discouragement of financial investment in the domestic oil and gas industry," she said, noting that U.S. oil production is well below the peak of 13 million in 2019. barrels of oil per day.