Larry Bucshon

10/06/2022 | Press release | Distributed by Public on 10/06/2022 08:56

Bucshon Statement on Announcement to Release 10M Barrels from the Strategic Petroleum Reserve

WASHINGTON - U.S. Representative Larry Bucshon, M.D. (R-Ind.-08) issued the following statement on the Biden Administration's plan to release 10 million more barrels from the Strategic Petroleum Reserve in the wake of OPEC+ cuts. The Strategic Petroleum Reserve is a stockpile of petroleum maintained by the Department of Energy to use in the event of an emergency.

"Under the Biden administration, we have seen a continued assault on American energy that has killed jobs, increased our dependency on foreign energy sources, jeopardized our national security, and sent gasoline prices sky high. Yesterday's announcement to further deplete our energy reserves is just a political tool to temporarily lower gas prices before the November elections. By choosing to release 10 million barrels of our energy reserves, the administration is once again failing the American people and American energy producers who support jobs and businesses at home. The administration needs to immediately change course and get America back on track by prioritizing domestic energy production and safeguarding our energy security," said Dr. Bucshon.