White House Uses GOP Oil Bills to Go on Gasoline Price Offensive

US gasoline prices are back on the agenda in Washington as both political parties go on the offensive. And this time it’s Democrats using them as a cudgel against Republicans.
The White House is arguing that GOP-supported bills critical of the administration’s energy policy will end up raising fuel costs for Americans.
House Republicans have teed up a vote this week on legislation that would tie releases of oil from the Strategic Petroleum Reserve to increased drilling on federal lands and water. The Democratically controlled Senate isn’t expected to take up the bill.
The move is an example of how Republicans are using their House majority to shine a light on the Biden administration’s historic 180-million-barrel drawdown from the reserve. Democrats argue that by attaching strings to use of the oil reserve, Republicans would hinder their ability to use it during emergencies. Last year, as gasoline rose to a historic high in the wake of Ukraine’s invasion, President Joe Biden tapped strategic stockpiles in an effort relieve fuel makers as the world shunned Russian supplies.
Republicans criticized the drawdown as a political ploy to lower gasoline prices before the midterm elections.
“Republican elected officials spent the last two years falsely claiming we were raising gas prices, and then once they take control of the House they push an extreme agenda that would actually raise gas prices for Americans,” White House spokesperson Abdullah Hasan said in a statement Monday.
A bill that would bar sales from the stockpile to China cleared the House earlier this month — one of the chamber’s first pieces of legislation to pass under House Speaker Kevin McCarthy.
“Sadly, President Biden has used the SPR as his own personal piggy bank and tapped into our emergency reserves to try to bail out his administration’s extreme climate agenda and lower gas prices,” House Majority Leader Steve Scalise’s office said in a statement Sunday.
Energy Secretary Jennifer Granholm, speaking at the White House press briefing Monday, highlighted that gasoline prices have dropped $1.60 per gallon since they peaked at more than $5 over the summer. The president would veto the House legislation, H.R. 21, if it were to pass Congress, Granholm added.
“He will not allow the American people to suffer because of the backwards agenda that House Republicans are advancing,” Granholm said.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Shell CEO Says World 'Desperately In Need' Of Natural Gas
- Fate Of $8Bn Alaska Oil Project To Be Resolved In Next 30 Days
- Gov't Tampering Puts Australian Gas Market In Unenviable Position
- Texas Power Outages Increase As Ice Storm Persists
- Shell's Record Earnings Draw Angry Reactions
- OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back
- Oil And Gas Firms Need To Accelerate Shift To Low Carbon Energy
- Oil Posts Second Weekly Loss as Stockpiles Swell
- Capricorn Reshapes Its Board of Directors
- Lukoil Hits 50 Million Tons Of Hydrocarbon Production In Caspian Sea
- New SPR Bill Passes House
- What Bad Habits Should Oil and Gas Jobseekers Avoid?
- Biden To Support ConocoPhillips Alaska Oil Project, Defying Greens
- USA Drops 3 Gulf of Mexico Rigs
- USA Oil and Gas Employs Almost 1 Million in 2022
- Energy Services Sector Will Grow To $1 trillion In 2025
- Shell CEO Says World 'Desperately In Need' Of Natural Gas
- Shell Makes Host of Company Changes
- New Discoveries Make 2022 Highest Value Year In Over A Decade
- Winter Storm Mara Update
- Valaris Employee Reported Missing from Rig
- Gasoline and Diesel Prices Expected to Fall
- Is the USA Shale Boom Over?
- New SPR Bill Passes House
- Higher Oil Prices Have Not Led to More Exploration
- Shell Finds Gas In Pensacola High-Impact Well Off UK
- Iran Oil Gushes Into Global Market
- Will Oil Hit $100 Per Barrel in 2023?
- Eni, Chevron Make Significant Gas Discovery Off Egypt
- What Bad Habits Should Oil and Gas Jobseekers Avoid?