Biden’s depletion of emergency oil stocks comes back into focus amid Israel-Hamas war, price surge
Fox News cites Senior Fellow Ben Lieberman on the Strategic Petroleum Reserve:
“There are a lot of reasons why the Biden administration should not have used the SPR to try to bring down prices — one of which is that the SPR then isn’t available if something serious happens. We’re facing that right now,” Ben Lieberman, a senior fellow at the Competitive Enterprise Institute, told Fox News Digital in an interview. “The point was for the nation to have an emergency oil supply.”
“And it’s especially foolish given the backdrop of this administration’s hostility to domestic oil production,” he added.