Preparing to veto bill limiting Biden’s authority to use oil reserves

In a White House statement, it was indicated that US President Joe Biden would veto the bill if presented to him, which contemplates restricting his authority to sell oil from the Strategic Petroleum Reserve.

White House spokeswoman Karine Jean-Pierre said in a press release that the bill was part of the “extreme politics” of Republicans, saying the bill would put working families in financial trouble. , would only benefit wealthy taxpayers and large corporations, and would reduce the US fiscal space. The deficit, he argued, would inflate it.

Referring to the Russia-Ukraine war, Jean-Pierre claimed that the bill would further jeopardize US energy security and lead to energy shortages, adding that the bill “interferes with the country’s ability to extract oil, thus assisting (Russian President Vladimir) Putin’s war goals.” He claimed it would help.”

‘BLOCKS THE ABILITY TO REDUCE COSTS’

US Energy Secretary Jennifer Granholm said the law would block powers the president needs to respond to emergencies.

Granholm responded, “I don’t care if a Democratic or Republican president is in office, why would it hinder the country’s ability to respond to emergencies and our ability to reduce costs as a result of those emergencies?” saying.

Expressing that the Senate must act knowing the importance of this situation, Granholm also stated that Biden believes that the US can refill the Strategic Petroleum Reserve after using it to reduce gas prices that have risen due to the war. between Russia and Ukraine.

OIL WAS PUT ON THE MARKET IN MARCH

US President Joe Biden allowed the release of more than 180 million barrels of oil from the country’s strategic oil reserves in March 2022, amid rapidly rising US gasoline prices. after the war started by Russia in Ukraine. (AA)