On the recordMarch 29, 2023
Mr. Chairman, I rise in support of this amendment. The amendment is necessary because it addresses the Biden administration's mismanagement of our Nation's Strategic Petroleum Reserve. President Biden has drained the SPR to the lowest levels since 1983. More than 40 percent has been liquidated in less than 2 years. The Department of Energy has no meaningful plan to refill our strategic stockpile. Instead, the Department created new rules to allow it to use fixed-price bidding. As we expected, the Biden administration's price-fixing scheme is failing. When DOE put out its bid, there were no takers. The SPR is at its lowest level since 1983. We must replenish it as soon as possible to protect our economy from a true supply interruption. Mr. Chairman, I thank the gentleman from Kansas for offering this amendment, and I urge my colleagues to join me in support.





