Biden’s ‘energy policy’ is nothing but election-year politics – The Hill

by | Nov 7, 2022 | Energy

President Biden’s energy policy is underwhelming, costly and dangerous. Since January 2021, gas prices have been rising, even before Russia invaded Ukraine, because of Biden’s efforts to halt U.S. oil and natural gas production and his unsuccessful efforts to beg and plead with OPEC, and our adversaries, to increase oil production. While Biden’s #putinpricehike hashtag may sound catchy, it is just not true. 

What is true is that depleting the U.S. Strategic Petroleum Reserve (SPR) to lower gas prices is a desperate political effort to win the midterm elections. By the end of 2022, the Biden administration will have released 180 million barrels of oil from the SPR, amounting to a mere nine days of U.S. oil consumption — hardly enough to lower gas prices but enough to hurt one of our most important national security assets.

The SPR, and the dedicated career civil servants who keep it mission-ready, was put in place to protect our nation from crude oil supply disruptions such as the 1970s oil embargo and natural disasters like hurricanes. During my tenure at the Department of Energy (DOE), releases were approved to ease crude oil supply disruptions during Hurricane Harvey. During the height of the COVID pandemic, DOE offered the SPR for crude oil storage to remove excess oil from the market — easing oversupply concerns due to the drop in crude oil demand. But when our nation’s crude oil reserves are depleted and not refilled, the U.S. becomes further dependent on our adversaries for our energy needs.  

Biden claims that he wants to refill the SPR at an estim …

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