‘An Absolutely Reckless Policy’: Continetti on Biden Admin’s Use of Strategic Petroleum Reserve

BAIER I m going ░░░░░░░░ turn topics Matthew although ░░░░░░░░ deals with the presidential ░░░░░░░░ Gas prices being high ░░░░░░░░ affects a presidential race ░░░░░░░░ energy secretary Rick Perry ░░░░░░░░ with Maria Bartiromo take ░░░░░░░░ listen Clip starts Perry ░░░░░░░░ reason gasoline prices are ░░░░░░░░ is because this administration ░░░░░░░░ policies into place that ░░░░░░░░ supply And when you ░░░░░░░░ t have the supply ░░░░░░░░ cost goes up That ░░░░░░░░ just simple economics They ░░░░░░░░ that But they are ░░░░░░░░ to death of the ░░░░░░░░ and the environmentalists that ░░░░░░░░ putting pressure on them ░░░░░░░░ stop the fossil fuel ░░░░░░░░ Clip ends BAIER So ░░░░░░░░ administration is now going ░░░░░░░░ to the Strategic Petroleum ░░░░░░░░ Matthew And the Biden ░░░░░░░░ announcing this week 1 ░░░░░░░░ barrels of northeast reserve ░░░░░░░░ after Superstorm Sandy in ░░░░░░░░ bid to lower price ░░░░░░░░ the pump this summer ░░░░░░░░ sale from storage sites ░░░░░░░░ New Jersey and Maine ░░░░░░░░ So again they are ░░░░░░░░ this in an effort ░░░░░░░░ change the dynamic with ░░░░░░░░ prices CONTINETTI Well it ░░░░░░░░ an absolutely reckless policy ░░░░░░░░ And it makes you ░░░░░░░░ what would happen if ░░░░░░░░ had an actual emergency ░░░░░░░░ Arab oil embargo say ░░░░░░░░ would we be with ░░░░░░░░ way in which the ░░░░░░░░ Administration has recklessly abused ░░░░░░░░ Strategic Petroleum Reserve But ░░░░░░░░ think the gas price ░░░░░░░░ speaks to a whole ░░░░░░░░ of grocery bag bread ░░░░░░░░ butter issues that American ░░░░░░░░ are facing The cost ░░░░░░░░ living under Biden has ░░░░░░░░ fivefold 20 percent And ░░░░░░░░ no matter what their ░░░░░░░░ or ethnicity are outraged ░░░░░░░░ it That s what ░░░░░░░░ driving them to Trump ░░░░░░░░ it s why I ░░░░░░░░ The Bronx rally was ░░░░░░░░ bold and successful move ░░░░░░░░ the campaign’s part.”