[Congressional Record Volume 168, Number 62 (Thursday, April 7, 2022)]
[House]
[Page H4422]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMERICANS DESERVE BETTER
(Mr. CASTEN asked and was given permission to address the House for 1
minute.)
Mr. CASTEN. Madam Speaker, I want you to imagine a world where the
Republican Party praised the President of the United States for raising
the price of oil by 24 percent. That sounds crazy, right?
Well, that is exactly what happened 2 years ago this month when Trump
threatened to remove U.S. troops from Saudi Arabia unless they cut oil
production.
Oil prices, of course, are not set by the President, but they are a
function of global supply and demand. And when the President pressures
another country to slash supply, the price at the pump and oil industry
profits surge accordingly. That is exactly what happened in April of
2020.
The GOP praised Trump's approach. What's more, nearly 50 of my
Republican House colleagues wrote a letter directly to the Saudi Crown
Prince demanding that he cut crude output. They wanted higher oil
company profits, so they forced a reduction in supply to make that
happen.
Fast forward to today. Those same Republicans who pressured Saudi to
cut oil supply and increase prices 2 years ago are now berating
President Biden for using the Strategic Petroleum Reserve to boost
supply, and blocking every effort to invest in energy efficiency and
renewables that would cut our fossil fuel demand.
Why would a party that fought to raise oil prices 2 years ago fight
to raise them again? Because given a choice between your wallet and the
fossil fuel industry, they will always take from you and subsidize
them.
Americans deserve better.
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