Press Releases

Recent surges in gasoline and electricity costs are the direct result of bad federal policies. In an attempt to mitigate fuel prices, the Biden Administration is now going to release oil from the Strategic Petroleum Reserve (SPR) as soon as tomorrow. U.S. Congressman Garret Graves recently joined colleagues on a letter to the Biden Administration that stated using SPR as the mechanism to alleviate the burden caused by their poor decision-making is the wrong approach.

Recent reports also indicated an OPEC+ group of oil-producing nations met to discuss an injection of extra crude in the global market – with the current plan pointing to an output target of 400,00 barrels a day. Under the Biden Administration's thinking, they would rather rely on foreign sources of energy instead of domestic production – undermining America's economy, jobs and environment.

"Let's be very clear as to the causes of gasoline and electricity price spikes. President Biden signed an Executive Order to ‘pause' new American energy exploration and production activities while encouraging countries like Russia, Iran, Venezuela, Saudi Arabia and Nigeria to increase their energy production to replace American energy. Biden shut down the Keystone pipeline from transporting energy through America and the same time, he lifted restrictions on Russia's gas pipeline into Europe. As part of the so-called Build Back Better Act that recently passed the House, Speaker Pelosi and Biden are working to impose a new American energy pipeline fee of up to $10,000 per mile each year. They are also increasing costs to produce domestic energy through royalty increases and additional red tape and regulations. In addition, they are using every legal and other mechanism possible to stop the financing of American energy.

"You don't tap our emergency oil reserves because of stupid policies. The energy price spikes we are experiencing are man-made. This is what happens when you appoint unqualified people to key energy policy positions. The solution is to fire the people responsible for the unforced errors. We also must resume using the resources we have, not doubling down on stupid and exacerbating a crisis with another bad policy," Graves said.

Read the letter here to President Biden.

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