House to vote on bill offsetting Biden's SPR drawdown with more oil and gas production

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

The House will vote Friday on the Strategic Production Response Act, which would boost U.S. oil and gas production in response to drawdowns of the Strategic Petroleum Reserve.

has released oil from the SPR on several occasions since taking office as part of an effort to combat high gasoline prices that have left many Americans feeling financial pain at the pump.

The Strategic Petroleum Reserve storage at the Bryan Mound site is seen on Oct. 19, 2022, in Freeport, Texas. Some have questioned the effectiveness of drawing down millions of barrels from the SPR to bring down energy prices given the size of the releases relative to Americans' energy consumption.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden holds Lunar New Year event at White House | President Joe Biden and First Lady Dr. Jill Biden host a Lunar New Year reception at the White House | By Washington Examiner | Facebook0 views, 0 likes, 1 loves, 13 comments, 2 shares, Facebook Watch Videos from Washington Examiner: President Joe Biden and First Lady Dr. Jill Biden host a Lunar New Year reception at the White House
Source: dcexaminer - 🏆 6. / 94 Read more »

Biden Expected To Target GOP Fiscal Policies In First Major Economic Speech Of 2023The speech comes as House Republicans look to stop the Biden Administration from releasing oil from the Strategic Petroleum Reserve, a move the White House warns could drive up gas prices. fyi isyatirim The party of NO have only one 'fiscal policy': enrich their corporate masters and themselves.
Source: Forbes - 🏆 394. / 53 Read more »

WSJ News Exclusive | House Republicans Press for Details of Hunter Biden’s Art SalesHouse Republicans pushed for details about sales of Hunter Biden‘s artwork, an early step as they increase an investigation into the business dealings of President Biden’s son What about jr’s “book sales”👀 Any one related to a politician should be banned from selling anything.
Source: WSJ - 🏆 98. / 63 Read more »

Biden to deliver remarks on Ukraine at noon/1700 GMT -White HousePresident Joe Biden will deliver remarks on continued U.S. support to Ukraine at noon (1700 GMT), the White House said on Wednesday. The White House did not elaborate but the appearance will come after Germany said it would supply its Leopard 2 tanks to Ukraine, overcoming misgivings about sending heavy weaponry that Kyiv sees as crucial to defeat Russia's invasion but Moscow casts as a dangerous provocation. The U.S. announced it will supply Ukraine with 31 advanced M1 Abrams tanks, a major reversal for the Biden administration President Biden said the tanks are needed to help the Ukrainians 'improve their ability to maneuver in open terrain.' putler must be stopped by any means. Pedoputin
Source: YahooNews - 🏆 380. / 59 Read more »

Biden classified documents: 57% of Americans disapprove of White House handling, as stonewalling continuesA new poll finds that more than two-thirds of Americans disapprove of how the White House has handled President Joe Biden's classified documents controversy. Reminder Biden can't get a pardon on anything that isn't known. ខ្ញុំVISALហៅ.KMO KMO ខ្ញុំ សរសើលោកអ៊ុំGood 1 You can not go after someone
Source: FoxNews - 🏆 9. / 87 Read more »