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Tuesday, November 5, 2024

Senator Schmitt Criticizes Biden Administration's Handling of Strategic Petroleum Reserve and Coordination with Chinese Communist Party

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Senator Eric Schmitt | U.S. Senator Eric Schmitt

Senator Eric Schmitt | U.S. Senator Eric Schmitt

WASHINGTON – Today, Senator Eric Schmitt raised concerns about the Biden Administration's management of the Strategic Petroleum Reserve and its coordination with the Chinese Communist Party.

During a session, Senator Schmitt criticized Department of Energy Secretary Jennifer Granholm for the administration's depletion of the strategic petroleum reserve and lack of clarity on future plans. Senator Schmitt, known for his focus on countering the rise of China, pointed out the potential risks to America's safety due to the irresponsible draining of the reserve.

As the Strategic Petroleum Reserve reaches near historic lows, the Biden Administration faces criticism for not having a clear strategy to restore its capacity. The recent decision to cancel the purchase of up to 3 million barrels for the reserve, citing high prices, has raised concerns about the administration's approach to addressing energy security.

With gas prices expected to rise during the summer, Senator Schmitt highlighted the possibility of American taxpayers bearing additional burdens due to the administration's current inaction. The lack of proactive measures to address the situation has raised questions about the administration's handling of energy-related challenges.

Senator Schmitt's scrutiny of the Biden Administration's handling of the Strategic Petroleum Reserve and its coordination with the Chinese Communist Party underscores growing concerns about energy security and international relations.

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