Bill..

 

A new bill would prevent the Secretary from “executing the first drawdown of petroleum products in the Reserve” except when there is a “severe energy supply interruption”, the text reads even in the form of SPR loans until the Secretary develops a plan to increase the percentage of Federal lands leased for oil and gas production by the same percentage of oil set to be released from the SPR.

“The Strategic Petroleum Reserve was created by Congress to respond to oil supply disruptions that may arise after a natural disaster or war. The SPR is not supposed to be tapped as a bailout for the President’s anti-fossil fuel agenda, which has led to the highest gas prices in seven years.” Republican Leader Rodgers said.

The Biden Administration has taken several runs at lowering crude oil and gasoline prices, including lobbying OPEC+ to ramp up production but the prices still twice as it was before.  Just a thought.