Ted Lieu: “This amendment would create an exception allowing for a drawdown of the Strategic Petroleum Reserve if the Secretary…”

“This amendment would create an exception allowing for a drawdown of the Strategic Petroleum Reserve if the Secretary determines that the drawdown would result in a net profit for the United States. Let me tell you what this is all about. I can summarize this debate of the last 2 days into one sentence: Joe Biden lowered your gas prices, and Republicans are upset about it. That is what this is about. Joe Biden lowered your gas prices last year, and that makes Republicans mad. How do we know? They said it out loud. The gentlewoman from Georgia earlier this morning just said that Joe Biden lowered your gas prices for political reasons. I don't care why the President lowers your gas prices. If any President can lower your gas prices, we should support that President's action. If prices surge later this year, if gas prices surge again, Joe Biden should be able to use the tools at his disposal and lower your gas prices again. We should be giving the President even more flexibility to use the Strategic Petroleum Reserve to lower gas prices. Joe Biden lowered your gas prices, and Republicans want to keep him from doing that again. We don't want to stop the President from lowering your gas prices. We want Joe Biden to lower your gas prices again if he can do that. There is another reason this Republican bill is so stupid. Not only did Joe Biden lower your gas prices, but the United States of America made a profit on it. Buy low, sell high.…”