Former Trump Energy Secretary says Biden’s Oil Plan is ‘Bad Policy Choice’

THE STRATEGIC PETROLEUM RESERVE FACILITY PROGRAM HAS FIVE UNDERGROUND CRUDE OIL STORAGE FACILITIES IN SALT DOMES ALONG THE GULF COASTS OF TEXAS AND LOUISIANA AND A GOVERNMENT- OWNED MARINE TERMINAL ON THE MISSISSIPPI RIVER AT ST. JAMES, LOUISIANA. / Photo by the Department of Energy

The Biden administration’s decision to release oil from U.S. reserves is a “mistake,” former U.S. Energy Secretary Dan Brouillette said on Wednesday.

“I do think it’s a bad policy choice. There’s no question about that,” he told CNBC’s “Capital Connection” one day after President Joe Biden announced that 50 million barrels of oil would be released from the country’s Strategic Petroleum Reserve.

China, India, Japan, South Korea and the U.K. will also be releasing their oil reserves as part of global efforts by high energy-consuming countries to cool energy prices.

The SPR in the U.S. is a national security asset meant to protect the country and its citizens from supply disruptions, such as during emergency situations, said Brouillette, who served as energy secretary under former President Donald Trump.

Read more at CNBC

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JCE
JCE
6 months ago

Biden doesn’t seem to have a clue about how he has destroyed our energy industry. The Dems policy of reversing everything Trump accomplished. He should be really medically evaluated as he doesn’t seem to be capable of performing his duties of office!


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