On Wednesday, Ministers from the Organization of the Petroleum Exporting Countries (OPEC+) announced that they would cut oil production by 2 million barrels a day, their largest reduction in oil output since the start of the pandemic, in a move that has already caused oil prices to increase to nearly $94 per barrel. This move follows President Biden's recent trip to Saudi Arabia, in which he asked the country to increase its oil output after calling the Kingdom a "pariah."
On day one of Joe Biden's presidency, he launched his war on American energy when he killed the Keystone XL pipeline, which could have been supplying 830,000 barrels per day of oil from Canada to U.S. refineries. Over the last two years, President Biden and House Democrats' America Last energy policy has created skyrocketing energy costs and increased our dependence on other countries.
Joe Biden continues to drain our Strategic Petroleum Reserve (SPR). Next month, they will deliver another 10 million barrels from the SPR to the market. Let me make it clear, the Strategic Petroleum Reserve, which is meant for weather events or national security emergencies, is now at its lowest point since 1984 because of President Biden. While Americans struggle with an energy crisis, the Biden administration continues to drain our SPR for political gain and threaten our national security. President Biden has leased fewer acres of federal and offshore land for domestic oil and gas production at this point in his presidency than any other president since the end of World War II.
We should be prioritizing Texans before Tyrants. In Texas, we can easily produce enough oil. So instead of begging other countries for oil, Joe Biden should be looking at a state like Texas.
Did you know: Around 60 percent of the crude oil stored in the SPR resides in two sites in Texas' 14th Congressional District: Bryan Mound in Freeport and Big Hill near Winnie, making this issue extremely close to home.