Sen. Joe Manchin (D-WV) shrugged on the Biden administration’s launch of fifty million barrels of oil from the Strategic Petroleum Reserve on Tuesday, describing it as a “Band-Aid” on a “self-inflicted wound” and calling on the president to revive the canceled Keystone XL pipeline.
Manchin, the chairman of the Senate Energy and Natural Resources Committee, decried what he known as the “shortsighted energy policy” of the White House.
“With an energy transition underway across the country, it is critical that Washington does not jeopardize America’s energy security in the near term and leave consumers vulnerable to rising prices,” Manchin stated in a press release. “Historic inflation taxes and the dearth of a complete all-of-the-above vitality coverage pose a transparent and current menace to America’s financial and vitality safety that may now not be ignored.
“I continue to call on President Biden to responsibly increase energy production here at home and to reverse course to allow the Keystone XL pipeline to be built which would have provided our country with up to 900,000 barrels of oil per day from Canada, one of our closest allies,” Manchin went on. “To be clear, this is about American energy independence and the fact that hard working Americans should not depend on foreign actors, like OPEC+, for our energy security and instead focus on the real challenges facing our country’s future.”
The White House introduced the discharge from the strategic reserve at 7 a.m. Tuesday, as hundreds of thousands of Americans ready to hit the highway for the Thanksgiving vacation and courageous fuel costs roughly $1.29 increased than final 12 months. Despite the fanfare surrounding the announcement, analysts and markets have been unimpressed — whereas Biden himself admitted that the transfer “will not solve the problems of high gas prices overnight.”
Biden revoked the allow for the long-mooted Keystone XL pipeline hours after taking workplace on Jan. 20, instantly halting development on the venture.
The following month, Manchin was one in all two Democratic senators to initially assist a Republican modification that might have put assist for the pipeline within the $1.9 trillion American Rescue Plan — solely to later reverse course and again an modification from Senate Majority Leader Chuck Schumer (D-NY) that eliminated the Keystone XL provision from the invoice.
Manchin has proved to be a persistent thorn within the Biden administration’s aspect over his stance on the president’s almost $2 trillion social spending invoice, often called the Build Back Better Act. Through his intransigence, the West Virginian has pressured the removing of provisions creating free neighborhood faculty, increasing Medicare advantages and fining vitality producers that follow carbon-heavy fuels.
The president insisted in his remarks Tuesday that canceling the Keystone Pipeline and related actions — like scrapping new oil leases — had nothing to do with the rise in the price of fuel.
“My effort to combat climate change is not raising the price of gas or increasing its availability,” Biden stated earlier than exhorting Americans: “Let’s beat climate change with more extensive innovation and opportunities. We can make our economy and consumers less vulnerable to these sorts of price spikes when we do that.”