Fallon to Hold Subcommittee Hearing on Biden Admin’s Depletion of SPR and Suppression of American-Made Energy

WASHINGTON—Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Chairman Rep. Pat Fallon (R-Texas) will hold a subcommittee hearing titled “Burning the Midnight Oil: Why Depleting the Strategic Petroleum Reserve is Not a Solution to America’s Energy Problem, Part I” to examine the Biden Administration’s drawdowns of the Strategic Petroleum Reserve (SPR) and investigate the policy decisions responsible for energy price spikes and supply shortages.

“The Biden Administration’s day-one war on American-made energy has sent gas prices skyrocketing for American families. In a failed attempt to curb inflation, the Biden Administration chose to diminish our emergency crude stockpiles more than all other administrations combined,” said Subcommittee Chairman Fallon. “The Oversight Committee will bring transparency to the Biden Administration’s decision to draw down our Strategic Petroleum Reserve and find real solutions to unleash American-made energy and lower gas prices for the long term.”

WHAT: Hearing titled “Burning the Midnight Oil: Why Depleting the Strategic Petroleum Reserve is Not a Solution to America’s Energy Problem, Part I”

DATE: Wednesday, March 8, 2023

TIME: 2:00 PM EST

LOCATION: 2247 Rayburn House Office Building

WITNESSES:

• Mr. Alex Epstein, President, Center for Industrial Progress
• Dr. Ilia Bouchouev, Managing Partner, Pentathlon Investments, LLC

The hearing will be open to the public and press and will be livestreamed online at https://oversight.house.gov/.