Schumer silent on Biden oil purchase after blasting Trump for ‘bailout for big oil’
Fox News
Senate Majority Leader Chuck Schumer, D-N.Y., didn’t criticize President Biden’s Department of Energy for a massive oil purchase to help replenish the Strategic Petroleum Reserve (SPR) despite slamming former President Trump in 2020 for attempting to include a similar purchase in a stimulus package.
The DOE announced a 4.65 million barrel oil purchase Monday to replenish the SPR, which has been tapped by the Biden administration, to assist with high gas prices.
The department bought the oil for an average price of $77.
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“From the beginning, this administration has put the economic and energy security of the American people first. This milestone is a proof point that when the Biden-Harris administration makes and implements a plan, we deliver for the American people,” Secretary of Energy Jennifer Granholm said in a statement.
“As promised, we have secured the 180 million barrels back to the Strategic Petroleum Reserve released in response to Putin’s war in Ukraine, and we accomplished this while getting a good deal for taxpayers and maintaining the readiness of the world’s largest Strategic Petroleum Reserve.”
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There was little response to the oil purchase, which was not heavily advertised by the president or the White House. For Democratic and Republican lawmakers, it went largely undetected as the investigation into the failures that led to the attempted assassination of Trump earlier this month attracted most of their attention.
Two key pieces of legislation related to online safety for minors and a potential expansion to the child tax credit were slated for votes during the week, drawing additional attention.
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Schumer’s office did not provide comment to Fox News Digital when asked if there was a difference between Trump and Biden’s oil purchases for the SPR and whether the president was similarly “bailing out” large oil companies.
During the COVID-19 pandemic in 2020, Trump’s administration sought to include $3 billion for purchasing oil to replenish the SPR at a low price in the $2 trillion pandemic stimulus package. Oil was roughly $30 per barrel in March 2020 as prices trended sharply downward. The Trump administration’s proposal was ultimately excluded from the final draft of the legislation following significant pushback from Democrats.
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Schumer referred to the Trump administration’s request as a “$3 billion bailout for big oil,” Roll Call reported at the time.
The Trump campaign did not provide comment to Fox News Digital.