Biden admin slammed over reports of emergency US oil being sent to China
Liberty Oilfield Services chairman and CEO Chris Wright discusses how uncertainty in the economy is leading to volatility in the oil market on 'The Claman Countdown.'
Meanwhile, the SPR's level has fallen to about 492 million barrels of oil, the lowest level since December 1985, according to the Energy Information Administration. The current level is also 20% lower than its level recorded days prior to Biden's first release in late November. "After multiple failed attempts to lower U.S. gas prices by robbing our emergency strategic petroleum reserve, will someone please inform the decision makers at 1600 Pennsylvania Avenue that we have much larger and more strategic undeveloped energy resources that can be extracted, processed, and utilized cleaner and safer right here at home benefiting American workers and businesses?" House Natural Resources Committee Ranking Member Bruce Westerman, R-Ark., told Fox News Digital.
Westerman added that promoting domestic production would solve many of the current problems facing the U.S. and prevent Biden from "having to go to Saudi Arabia and beg for their oil."
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