WASHINGTON, D.C. — U.S. Rep. Charlie Dent (PA-15) issued the following statement on President Barack Obama’s decision to release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR):
“President Obama’s decision to release oil from the Strategic Petroleum Reserve is an ill-advised maneuver designed to convince the American people his administration has a plan to address today’s high energy costs, which are undoubtedly hindering our economic recovery. Time and time again the Obama Administration has gone to extraordinary lengths to divert public attention away from its persistent opposition to the production of American energy resources.“Rather than supporting the development of vast North American resources as a means to achieve greater price stability and get thousands of Americans back to work, this administration has pleaded with OPEC nations like Saudi Arabia to increase output, proposed punitive and counter-productive tax increases on American energy producers, blocked the importation of oil from Canada, committed $2 billion in financial backing for Brazil to enhance its production, and is now tapping into reserves created to supply the country with oil during national emergencies.
“While the President is using supply disruptions in the Middle East to justify the release of our emergency reserves, he remains responsible for prolonged supply disruptions here at home. Surely, today’s announcement is a tacit admission that boosting domestic supplies will help stabilize prices. The time has come for President Obama to realize the United States has the ability to exert even greater control over prices by simply enhancing the development of abundant North American resources. Not only will expanded production provide relief at the pump for American consumers, it will create innumerable jobs for American workers.”