Republican leaders are calling for a watchdog investigation into the Biden administration’s use of the Strategic Petroleum Reserve (SPR).
In a letter to the Government Accountability Office, House Energy and Commerce Committee Chair Cathy McMorris Rodgers and Senate Energy and Natural Resources Committee ranking member John Barrasso argued that the administration’s heavy reliance on the SPR has undermined U.S. energy security.
The lawmakers expressed concern that the Biden administration’s repeated drawdown of oil stocks from the SPR could ultimately erode the reserve’s physical integrity.
They also criticized the DOE’s failure to establish long-term plans for the reserve, which they argue has compromised its ability to meet its energy security mission.
President Biden has ordered the release of about 260 million barrels of oil stored in the SPR since taking office to combat record fuel prices hitting American consumers. The SPR has now fallen to its lowest level since October 1983, leaving the country more vulnerable to energy supply disruptions.
The Republicans’ call for a watchdog investigation is a necessary step to ensure that the DOE is held accountable for its mismanagement of the SPR and its failure to establish long-term plans for the reserve.
The SPR is a critical component of America’s energy infrastructure, and its depletion could have serious consequences for the country’s ability to meet its energy needs in times of emergency.
Source Fox News