Reporters questioned Biden about his decision to release more oil from the national reserves, asking him if his decision was political.
China’s government-run Xinhua News Agency announced on Tuesday that the Communist Party would lower gasoline and diesel prices nationwide, a move following growing purchases of cheap Russian petroleum products and of American gasoline leftist President Joe Biden released from the country’s Strategic Petroleum Reserve (SPR).
President Biden has “failed you,” Rep. Jim Jordan (R-OH) said on Wednesday following news of the Biden administration shipping American oil to foreign countries.
Joe Biden already announced a record-high release of oil from the strategic reserves in 2021 ahead of the Thanksgiving holiday driving season.
Energy secretary Jennifer Granholm admitted Tuesday she did not know how many barrels of oil the U.S. economy consumes per day. “I don’t have that number in front of me. I’m sorry.”
“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve,” Trump wrote on Twitter.
