image credit: Adobe Stock

House Republicans Seek New Restrictions on Use of Oil Stockpile

January 30, 2023

For the second time this January, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat.

A GOP bill approved Jan. 27 would require the government to offset any nonemergency withdrawals from the Strategic Petroleum Reserve with new drilling on public lands and oceans. Republicans accuse President Joe Biden of abusing the reserve for political reasons to keep gas prices low, while Biden says tapping the reserve was needed last year in response to a ban on Russian oil imports following President Vladimir Putin’s invasion of Ukraine.

Read More on Transport Topics