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Granholm Says GOP Bill Would Weaken SPR, Result In Higher Gas Prices

"Energy Secretary Jennifer Granholm is pushing back on a Republican proposal to put stipulations on withdrawing oil from the country’s strategic reserve, arguing that the measure would curtail the use of a key security tool and drive up prices.  

House Republicans are expected to vote soon on a bill that would prevent the Department of Energy from releasing oil from the country’s Strategic Petroleum Reserve (SPR) until the administration develops a plan to increase the percentage of federal lands that are leased for new oil and gas production.

The bill was among the first 11 outlined by Republican leadership as “meaningful, ‘ready-to-go’” measures they would take up initially with their new House majority.  "

Rachel Frazin reports for The Hill January 18, 2023.

Source: The Hill, 01/19/2023