• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, May 9, 2025
The Iowa Torch
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
No Result
View All Result
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
The Iowa Torch
The Iowa Torch
No Result
View All Result
Home Federal Government

Grassley, Miller-Meeks Address Biden’s Decision to Release Oil from Strategic Petroleum Reserve

U.S. Senator Chuck Grassley and U.S. Rep. Mariannette Miller-Meeks criticized President Biden's decision to release 50 million barrels of oil from the Strategic Petroleum Reserve.

Shane Vander HartbyShane Vander Hart
November 24, 2021
in Federal Government
Reading Time: 3 mins read
Grassley: Biden’s Bloated Budget

President Joe Biden in the Oval Office.
Official White House Photo

DES MOINES, Iowa – President Joe Biden announced on Tuesday that his administration would release 50 million barrels of crude oil from the strategic petroleum reserve.

RELATED POSTS

EPA issues emergency fuel waiver for E15 sales

Grassley says feds are ‘dragging feet’ on bolstering cybersecurity defense

Sarah’s Law passes House Judiciary Committee

“Today, the price of gas in America, on average, is $3.40 a gallon; in California, it’s much higher. The impact is real,” the president said on Tuesday afternoon. “But the fact is we’ve faced even worst spikes before just in the last decade. We saw it in 2012 when the price of gasoline hit $3.90. We saw it in 2014 when it hit $3.69. And as recently as 2019, we saw it surpass $3 in many places.”

Biden noted India, Japan, South Korea, and the United Kingdom also agreed to release additional oil from their reserves to attempt to bring the price of oil down.

“China may do more as well,” he added.

Biden is the fourth president to release crude oil from the reserve. President George H.W. Bush released oil due to the Gulf War, and President George W. Bush did as well after invading Iraq. President Barack Obama was the third president to do so in response to rising gas prices.

Republicans pointed out gas prices are a result of Biden administration policies.

U.S. Senator Chuck Grassley, R-Iowa, called the move a “spit in the ocean” during his public affairs program on Tuesday.

“it’s a spit in the ocean compared to the problem that he created almost immediately when he got into office,” he said. “He brought a great deal of uncertainty to the oil and gas industry by taking the actions he did. I don’t know the impact of that uncertainty, but less future for fossil fuels is going to inhibit investment.”

Grassley pointed to the Biden administration shutting down the Keystone XL Pipeline, considering shutting down the Line 5 pipeline running through Michigan that supplies light oil and propane to the upper Midwest and Ontario and Quebec in Canada, putting restrictions on drilling on public land, including offshore drilling in Alaska, and adding restrictions to fracking.

“The United States could be, and for a couple of years was, the biggest producer of natural gas and petroleum, and then go to OPEC and want them to fill in. And then the inconsistency of shutting down pipelines in North America and then encouraging the finishing of the pipeline from Russia, to Germany for their natural gas,” Grassley argued.

He then pointed out the Biden Administration’s focus on developing electric vehicles.

Grassley stated that these actions send “a bad signal” to anyone looking to make future investments in natural gas and oil.

ADVERTISEMENT

He said reversing his current policies will do more to help the gas prices go down than releasing oil from the strategic petroleum reserve that is meant for a national emergency or national defense.

U.S. Rep. Mariannette Miller-Meeks, R-Iowa, called the decision the wrong approach.

“Tapping the emergency Strategic Petroleum Reserve will not fix the current energy crisis and is the wrong approach. If the Administration is serious about solving the current energy crisis, we must start by rescinding the Executive Order that paused American energy exploration. We must begin to aggressively pursue an all-of-the-above energy strategy that includes oil, natural gas, biofuels, solar, wind, hydro, electric, and nuclear. An all-of-the-above strategy will allow us to decrease our dependence on foreign energy sources such as Iran, Russia, Venezuela, and the rest of OPEC+. This is critical to our economic, energy, and national security and must be addressed immediately,” she said in a released statement.

Miller-Meeks joined 30 of her colleagues in the U.S. House of Representatives sending a letter to Biden and U.S. Secretary of Energy Jennifer Granholm opposing the president’s decision to release oil from the strategic petroleum reserve.

Read the letter below:

21.11.22 MMM Bice SPR
Tags: Chuck Grassleygas pricesinflationJoe BidenMariannette Miller-MeeksStrategic Petroleum Reserve
ShareTweetShare
ADVERTISEMENT
Previous Post

Reynolds Highlights Iowa’s Turkey Industry with Annual Thanksgiving Turkey Pardoning

Next Post

Miller-Meeks: Thankful

Shane Vander Hart

Shane Vander Hart

Shane Vander Hart is the editor of The Iowa Torch.

Related Posts

Hinson: Use biofuels to bring down the cost of gas today
Federal Government

EPA issues emergency fuel waiver for E15 sales

April 19, 2024
Opinion

Miller-Meeks: Iowa has become a border state under the Biden Administration

April 19, 2024
Opinion

Feenstra: There’s no such thing as ‘canceling’ student loan debt

April 17, 2024
Grassley: Big Victories for Rural Healthcare
Federal Government

Grassley says feds are ‘dragging feet’ on bolstering cybersecurity defense

April 11, 2024
Opinion

Miller-Meeks: The time for practical energy solutions is now

April 11, 2024
Reynolds says she will sign biofuels bill
Opinion

Ernst: Give homegrown Iowa biofuels the green light

April 10, 2024
Next Post

Miller-Meeks: Thankful

Chapman Proposes Constitutional Amendment on Life

Chapman Plans to Address 'Obscene' Reading Material in Public Schools

Recommended Articles

Holt: Education, Free Speech & Justice for All

Holt: Dangerous Freedom or Peaceful Slavery In Response to COVID-19?

August 10, 2021
Feenstra: Passing Policies to Support Our Rural Communities

Feenstra: Passing Policies to Support Our Rural Communities

July 23, 2021
Hinson Opposes Gun Control Legislation on House Floor

Hinson Opposes Gun Control Legislation on House Floor

March 8, 2021

Popular Stories

  • Three LGTBQ Books with Sexually Explicit Material Pulled from Waukee School

    Three LGTBQ Books with Sexually Explicit Material Pulled from Waukee School

    0 shares
    Share 0 Tweet 0
  • Rozenboom: Reflecting on the First Week of the 2021 Legislative Session

    0 shares
    Share 0 Tweet 0
  • Iowa Dept. of Health & Human Services fill two leadership roles

    0 shares
    Share 0 Tweet 0
  • Reynolds Appoints Joshua Schier as District Court Judge

    0 shares
    Share 0 Tweet 0
  • Fauci ends taxpayer-funded experiments on dogs

    0 shares
    Share 0 Tweet 0
The Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans

Categories

  • Current Events
  • Education
  • Federal Government
  • Iowa History
  • Local Government
  • News
  • Opinion
  • Politics
  • State Government

Newsletter

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.

No Result
View All Result
  • Home
  • About Us
  • Advertise
  • Contact Us
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.