11.23.21

Hoeven Statement After Biden Announces Release From Strategic Petroleum Reserve

BISMARCK, N.D. – Senator John Hoeven, a member of the Senate Energy Committee, today issued the following statement after President Joe Biden announced a release of oil from the nation’s Strategic Petroleum Reserve. Hoeven has repeatedly pushed back on the Biden administration and Democrats’ energy policies, which are driving energy costs higher and leading to increased prices for every individual, family and business.

“The policies of the Biden administration and the Democrats are making it harder to produce more energy here at home. In an energy rich nation like ours, it makes no sense that President Biden has been asking our adversaries and OPEC for more oil, and is now tapping into the SPR. Starting on day one, this administration shut down the Keystone pipeline, issued a moratorium on leasing for federal lands, and then removed sanctions on the Nord Stream 2, making Europe more dependent on Russia for natural gas. Instead of saddling our energy producers with increasing regulations and discouraging new production, the administration should be empowering the people who produce energy in this country. They do it better than anyone in the world, and they do it with the best environmental stewardship.”

As a member of the Senate Energy and Natural Resources Committee, Hoeven has been working to push back on the Biden administration’s harmful energy agenda and ensure the U.S. remains energy secure. His efforts include: 

  • Pressing the administration to end the oil and gas moratorium on federal lands and to move forward with all postponed and future lease sales, consistent with a federal court decision from earlier this year.
  • Working to stop the Democrats’ reckless tax-and-spend legislation, which would impose burdensome taxes and unworkable mandates on domestic energy producers.
  • Advancing efforts to crack the code on carbon capture, utilization and storage (CCUS) technologies, which will enable the U.S. to continue utilizing all of its abundant energy resources.
  • Supporting the advancement of key energy infrastructure projects, like theNorth Bakken Expansion Pipeline. 

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