Former President Trump ripped President Biden’s order to release 50 million barrels of oil from the strategic reserve to bring down energy costs.
“For decades our Country’s very important Strategic Oil Reserves were low or virtually empty in that no President wanted to pay the price of filling them up,” Trump said in a statement Tuesday.
Former President Donald Trump released a new video ad that compares President Joe Biden to another failed president.
The 30-second ad emailed to supporters and potential donors Monday said Biden was repeating the errors made by former President Jimmy Carter in the late 1970s.
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“I filled them up three years ago, right to the top, when oil prices were very low,” Trump explained. “Those reserves are meant to be used for serious emergencies, like war, and nothing else.”
“Now I understand that Joe Biden will be announcing an ‘attack’ on the newly brimming Strategic Oil Reserves so that he could get the close to record-setting high oil prices artificially lowered. We were energy independent one year ago, now we are at the mercy of OPEC, gasoline is selling for $7 in parts of California, going up all over the Country, and they are taking oil from our Strategic Reserves. Is this any way to run a Country?”
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The White House put out a statement supporting Biden’s move.
“American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are, too, because oil supply has not kept up with demand as the global economy emerges from the pandemic. That’s why President Biden is using every tool available to him to work to lower prices and address the lack of supply,” the statement read.
Sen. John Barrasso (R-WY), Ranking Republican on Senate Committee on Energy and Natural Resources, slammed Biden’s order.
“President Biden’s policies are hiking inflation and energy prices for the American people. Tapping the Strategic Petroleum Reserve will not fix the problem. We are experiencing higher prices because the administration and Democrats in Congress are waging a war on American energy,” Barrasso said.