WATCH: Psaki Chimes In To Try And Explain Administrations Stance On Tapping Into Petroleum Reserves

This past Friday, Jen Psaki, the White House Press Secretary, took the spotlight again for the first time since her initial diagnosis with COVID-19.

As part of the briefing, Psaki was questioned by Jacqui Heinrich, the Fox News White House Correspondent, concerning the rising prices of gasoline and if member of the Biden administration were planning on tapping into the Strategic Petroleum Reserve (SPR) in efforts “to bring down costs.”

“Democrats are calling for the president to release barrels from the Strategic Petroleum Reserve to bring down costs — and that would be somewhat of an immediate action to mitigate these high gas prices as opposed to waiting for the BIF money to be implemented to address the long-term supply chain issues or the Build Back Better to be passed. Why has the president not yet done that? Does he plan to do that soon?” Heinrich questioned.

Very Best Bumperstickers 600 x 300

After going into a brief statement that she did not “have anything to preview,” Psaki attempted to change the subject, stating that Old Uncle Joe has been “asking the FTC” to start to “look into price gouging,” while also making efforts in “pushing OPEC to release more supply.”

As reported in a recent release from Bloomberg, the SPR has already been tapped into, but the oil being taken is being shipped off to other countries instead of going to use in our country:

About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.

“If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month,” reported the outlet.

Transcript provided from the White House:

FOX NEWS WH CORRESPONDENT JACQUI HEINRICH: Democrats are calling for the president to release barrels from the Strategic Petroleum Reserve to bring down costs — and that would be somewhat of an immediate action to mitigate these high gas prices as opposed to waiting for the BIF money to be implemented to address the long-term supply chain issues or the Build Back Better to be passed. Why has the president not yet done that? Does he plan to do that soon?

PRESS SECRETARY JEN PSAKI: I don’t have anything to preview for you. I can just reiterate what I conveyed a little bit earlier — is that certainly the cost of gas is on the minds of the, on the mind of the president, as it is on the mind of many Americans across the country.

And there are several steps we’ve taken, including pushing the FTC, or asking the FTC to look into price gouging — something we’ve seen and we have concerns has been an issue over the past few months as the availability and supply of oil has gone up and prices have not come down; pushing OPEC to release more supply to meet the demand. And certainly there are a range of other domestic options, but I just don’t have anything to preview at this point in time.

 

You Might Like

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.