The head of US energy said that Biden will veto the Republican bill in the House of Representatives on oil reserves |
WASHINGTON, 23 january (Reuters) – Energy Secretary Jennifer Granholm said on Monday that the president Cho Biden USA Regarding the Strategic Petroleum Reserve (SPR) of the House Republicans of Congress law will veto the project.
In a letter last week, Granholm warned Republicans that limiting a Democratic president’s power to use the nation’s oil reserves national it will undermine security, cause crude oil shortages, and raise gasoline prices.
Granholm speaking to reporters at a White House briefing Biden “He will not allow the American people to suffer because of the backward agenda advanced by House Republicans.”
Called HR21 law project, energy secretary’s oil on federal lands and gas would prohibit it from touching the SPR without developing a plan to increase its leasing – unless the release is for a serious oil supply emergency.
Like this week in the House of Representatives, which Republicans control by a narrow margin law is expected to vote for the project. The legislation will face a tough fight in the Democratic-controlled Senate.
Republican lawmakers say last year’s releases from the SPR, the largest amount of crude by any president, have impaired the SPR’s ability to store, build pipelines and pump oil. Texas and Louisiana coasts.
“We would like to limit the use of the SPR to situations where there are severe supply disruptions,” a Republican aide to the House Energy and Commerce Committee told reporters.
Bidenhit the SPR repeatedly last year in response to rising oil prices due to Russia’s invasion of Ukraine and increased travel as the COVID-19 pandemic eased.
Biden last March announced a record six-month sell-off of 180 million barrels, which pushed inventory levels to their lowest level since late 1983.
The Energy Department this month rejected the first batch of proposals from oil companies to supply small amounts of crude oil to the SPR.
Despite this rejection, Granholm USAby filling the SPR and buying oil at a lower price than the government originally bought it tax he said he was confident he could save his ratepayers money.
“The bids we received were not up to specification or price,” the secretary said. He said the administration would soon announce how it would buy back the initial fill oil for the stockpile.
Reporting by Steve Holland, Nandita Bose and Timothy Gardner in Washington; Edited by Jonathan Oatis and Marguerita Choy
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2023-01-24 10:25:19
Source – reuters
Translation“24 HOURS”