On the recordApril 7, 2022
I want you to imagine a world where the Republican Party praised the President of the United States for raising the price of oil by 24 percent. That sounds crazy, right? Well, that is exactly what happened 2 years ago this month when Trump threatened to remove U.S. troops from Saudi Arabia unless they cut oil production. Oil prices, of course, are not set by the President, but they are a function of global supply and demand. And when the President pressures another country to slash supply, the price at the pump and oil industry profits surge accordingly. That is exactly what happened in April of 2020. The GOP praised Trump's approach. What's more, nearly 50 of my Republican House colleagues wrote a letter directly to the Saudi Crown Prince demanding that he cut crude output. They wanted higher oil company profits, so they forced a reduction in supply to make that happen. Fast forward to today. Those same Republicans who pressured Saudi to cut oil supply and increase prices 2 years ago are now berating President Biden for using the Strategic Petroleum Reserve to boost supply, and blocking every effort to invest in energy efficiency and renewables that would cut our fossil fuel demand. Why would a party that fought to raise oil prices 2 years ago fight to raise them again? Because given a choice between your wallet and the fossil fuel industry, they will always take from you and subsidize them. Americans deserve better. ____________________
Source
govinfo.gov




