U.S. energy chief says Biden would veto House Republican bill on oil reserve

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U.S. energy chief says Biden would veto House Republican bill on oil reserve
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President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR) if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.

Republicans that limiting the Democratic president's authority to tap the nation's oil reserves would undermine national security, cause crude oil shortages, and raise gasoline prices.

The House, which Republicans control by a narrow margin, is expected to vote on the bill as soon as this week. The legislation would face an uphill battle in the Senate, controlled by Democrats. Biden tapped the SPR repeatedly last year in response to oil prices that jumped due to Russia's invasion of Ukraine and as travel increased while the COVID-19 pandemic eased.

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