Congressman Flood, House Republicans Conduct Oversight of Biden’s Department of Energy as Gas Prices Remain High

LINCOLN, NEBRASKA – U.S. Congressman Flood and House Oversight Committee Republicans raised concerns over reports indicating President Biden intends to impose an oil and gas export ban. Such a ban could result in even higher gas prices, further supply chain issues, and reduced energy security for the U.S. and allies. Republican lawmakers are seeking information from the U.S. Department of Energy (DOE) Secretary Jennifer Granholm, for all documents and information related to forthcoming plans, as well as the DOE’s role in the mismanagement of the Strategic Petroleum Reserve (SPR).  

“The Biden Administration continues to pursue policies that suppress domestic energy production and drive fuel prices higher for consumers,” wrote the Republican members. “While you have not confirmed a ban will be imposed, recent reports by top officials suggest Administration interest in restricting exports of refined petroleum products. Contrary to alleviating gasoline prices at the pump, an export ban on refined petroleum products will prompt additional prices hikes and supply chain bottlenecks, costing American consumers even more money.” 

A full copy of the letter can be found here. Congressman Flood is a member of the Committee on House Oversight and Reform as well as the Committee on Small Business.