Energy industry slams Biden's Strategic Petroleum Reserve release plan: 'Not a long-term solution'

per day from the Strategic Petroleum Reserve as short-sighted amid other policies that discourage production.

But energy industry officials, Republicans and even some Democrats continued to criticize the administration for some of its policies they say are harming investment in U.S. energy and long-term production. The White House added that the Department of Energy will use the revenue derived from the release to restock the reserves and "provide a signal of future demand and help encourage domestic production today."

That move from the White House continues a pattern that started earlier this month when White House press secretary Jen Psaki criticized the energy industry for allowing so many oil and gas leases to sit unused. But American Exploration and Petroleum Council CEO Anne Bradbury at the time called it a "red herring" that doesn't reflect the reality of the energy industry.

Er, did he ever say it was a long term solution?

Not meant to be!

One million barils a day won’t even be noticed by the market. About 1% of the world consumption. Just propaganda.

Não vai dar

Eu não consigo

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