President Biden taps reserves at U.S. peril
In the wake of a politically-motivated, multi-country oil embargo that contributed to then-record high fuel prices, global energy shortages and American energy security concerns, Congress established the Strategic Petroleum Reserve. Since its inception, the SPR has been both a national security and an energy security asset, helping reduce true energy supply disruptions. Yet, more recently, President Biden has irresponsibly utilized the SPR to cover up his failed policies, rapidly draining America’s petroleum reserves to its lowest levels since 1983.