{"database": "press", "table": "releases", "rows": [["https://bice.house.gov/media/press-releases/reps-bice-budd-introduce-strategically-lowering-gas-prices-act", "Reps. Bice, Budd Introduce Strategically Lowering Gas Prices Act", "2021-12-17", "2021", "2021-12", "Republican", "House", "OK", "Stephanie I. Bice", "B000740", "bice.house.gov", "bice", "https://bice.house.gov/media/press-releases", "scraper", "Washington, D.C. \u2013 Today, Reps. Stephanie Bice (R-OK) and Ted Budd (R-NC) introduced the Strategically Lowering Gas Prices Act.\n\nThe bill would prohibit President Biden from releasing oil from the Strategic Petroleum Reserve (SPR) until the executive orders blocking energy development on federal land are revoked.\n\nRead the full text of the bill here.\n\nOther original co-sponsors include: Reps. Scott Perry, Buddy Carter, Ashley Hinson, Louie Gohmert, Greg Steube, Tom Cole, and Bob Gibbs.\n\nRep. Bice said in a statement:\n\n\u201cPresident Biden\u2019s actions continue to degrade our nation\u2019s oil and gas industry and the high-paying jobs that it provides. Instead of turning to American companies to increase output, Biden used his executive power to release 50 million barrels of oil from our country\u2019s Strategic Petroleum Reserve to help lower gas prices. That\u2019s why the Strategically Lowering Gas Prices Act is important. This legislation would disallow the president from ordering a sell off from the SPR while executive orders or mandates are in effect blocking oil and gas leasing on federal lands. The SPR was created specifically to draw upon in times of emergency or significant shortage, not to help a president whose strategies have failed to save face with the American people.\u201d\n\nRep. Budd said in a statement:\n\n\u201cPresident Biden has caused this energy crisis by blocking development of American fuel sources. That makes his recent use of the SPR nothing more than a band aid solution to a self-created problem. The best way to solve high fuel prices is for President Biden to reverse his radical environmentalist agenda and pursue an \u2018all of the above\u2019 strategy that gets us back to American energy independence.\u201d\n\nBackground:\n\nThe Strategic Petroleum Reserve (SPR) was created in 1975 to offer a safety net for the U.S. to draw upon in times of emergency and significant shortage.\n\nOn November 23, 2021, the Biden administration publicized plans to release 50 million barrels of oil from the SPR over the coming months in an effort to reduce upward pressure on gas prices.\n\nIn the immediate aftermath of the announcement, the West Texas Intermediate (WTI) and Brent crude oil futures indexes actually rose, and the Organization of Petroleum Exporting Countries (OPEC) announced that the withdrawal would factor into their production decisions.\n\nSince the U.S. consumes about 18 million barrels of petroleum per day, a 50-million-barrel release from the SPR will have a negligible impact.\n\nThe oil sold from the SPR will eventually need to be replaced at a much higher price than it was initially purchased for since the price of oil has increased significantly.\n\nTaxpayers will be on the hook to finance what amounts to a political stunt which will have a very limited effect on the price Americans pay at the pump.", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:37:48Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://bice.house.gov/media/press-releases/reps-bice-budd-introduce-strategically-lowering-gas-prices-act"], "units": {}, "query_ms": 2.0154910162091255, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}