The Obama administration today announced that it plans to release 30 million barrels of oil from the Strategic Petroleum Reserves (SPR) to offset the disruption in the oil supply caused by unrest in the Middle East. As I have said before, the White House would be ill-advised to reach into our nation's fuel reserves.
Expanding our supply of domestic energy would lower costs, reduce our dependence on foreign oil from war-torn nations like Libya and create American jobs. This is exactly the approach that the Republican-controlled U.S. House of Representatives has taken in passing four bills that will put Americans back to work, lead to a reduced dependence on foreign oil and lower pump prices.
The four bills are as follows:
H.R. 1229, the "Putting the Gulf of Mexico Back to Work Act," speeds up the permitting process for drilling in the Gulf of Mexico and helps put Americans back to work in the Gulf of Mexico
H.R. 1230, the "Restarting American Offshore Leasing Now Act," requires the Secretary of the Interior to conduct more offshore oil and gas leases and reduces federal government spending by roughly $40 million over the next decade
H.R. 1231, the "Reversing President Obama's Offshore Moratorium Act," directs the Department of Interior to proceed with exploration and production in areas estimated to contain the most oil and gas and reduces the deficit by $800 million
H.R. 2021, the "Jobs and Energy Permitting Act," eliminates the administration's bureaucratic delays that have stalled offshore energy production in the Outer Continental Shelf, brings billions of barrels of domestic oil online and creates tens of thousands of American jobs
The president does not need to deplete our strategic reserves. Congress should implement a new energy strategy. The president could begin this process by advocating for these four common-sense proposals that will increase American energy production and move our nation one step closer to energy independence.
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Member of Congress