Biden administration needs to stop draining the SPR
FARGO, N.D. – Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, today issued the following statement after President Biden announced a plan to release an additional 15 million barrels of oil from the nation’s Strategic Petroleum Reserve (SPR).
“The Biden administration has been draining the Strategic Petroleum Reserve, dropping it to the lowest level in 40 years, while begging OPEC+ to produce more oil,” said Hoeven. “Instead of draining our reserves and making the U.S. subject to the whims of OPEC, the Biden administration needs to take the handcuffs off U.S. oil and gas producers. Empowering domestic energy production is the right long-term solution to lower energy costs and provide hardworking families relief at the pump.”