Political Quotes

“In that letter, Secretary Granholm wrote that by hamstringing the administration, this bill will result in ``more oil supply shortages in times of crisis and higher gasoline prices for Americans.'' The President also recognizes this bill is a bad deal for the American people, and that is why he said that he would veto it if it ever got to his desk. Mr. Chair, I also include in the Record the text of the Statement of Administration Policy. Statement of Administration Policy H.R. 21--Strategic Production Response Act--Rep. McMorris Rodgers, R-WA and 31 Cosponsors The Administration strongly opposes H.R. 21, the Strategic Production Response Act. The bill would significantly weaken a critical energy security tool, resulting in more oil supply shortages and higher gas prices for working families. This Administration's use of the Strategic Petroleum Reserve (SPR) has been essential to protecting our energy security and to lowering gas prices for Americans. Following Putin's further invasion of Ukraine last year, President Biden authorized the largest-ever emergency release from the SPR, in coordination with historic releases from allies and partners. The results speak for themselves: today, gasoline prices are $1.60 per gallon lower than their peak this summer and below their pre-invasion levels. That was far from a foregone conclusion: the Treasury Department estimates that SPR actions reduced prices at the pump by as much as 40 cents per gallon. If enacted, H.R.…”