Biden would veto House GOP bill restricting president's ability to draw from strategic petroleum reserve
White House criticizes House GOP plan to limit president’s ability to draw from strategic petroleum reserve
Energy Secretary Jennifer Granholm said that Biden would veto a bill by House Republicans that would prohibit releasing oil from the strategic petroleum reserve without hiking domestic production.
Energy Secretary Jennifer Granholm said Monday that President Biden would veto a bill being pushed by House Republicans that would limit his ability to draw from the Strategic Petroleum Reserve (SPR).
The bill, the Strategic Production Response Act, calls for increasing domestic oil and gas production on federal lands to offset any future drawdowns from the reserve, which reached its lowest levels since 1983 last month.
"If Congress were to pass H.R. 21, the president would veto it," Granholm said at a White House press briefing on Monday. "He will not allow the American people to suffer because of the backwards agenda that House Republicans are advancing."
Biden first ordered the Department of Energy to tap into the SPR in November 2021, saying it was a "major effort to moderate the price of oil" and lower prices at the average "corner gas station." After Russia invaded Ukraine last year, Biden announced a 30-million-barrel release and another 180-million-barrel release in March 2022.