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U.S. Foreign Affairs reported on July 24 that the U.S. House of Representatives’ Republican senator rejected a plan to release the national strategic oil reserve to stabilize oil prices on the 24th. He hoped that the focus of all the people would remain on their increasingly popular method of solving high oil prices. That is, drilling more wells.
The vote to release the 70 million barrels of light crude oil bill was 268 to 157, but this did not reach the two-thirds majority that passed the bill. Republicans were disappointed that a previous amendment had been blocked. The amendment called for the opening of oil and gas exploration bans on the Florida and California coasts to extract oil, and they voted against the passage of the bill.
John Boehner, the majority leader of the US House of Representatives, said that it was absurd and that they did not want to pass the real energy bill.
U.S. House of Representatives rejects bill to release strategic petroleum reserve
U.S. House Representatives of the Republican Party rejected a bill on the 24th to release a national strategic oil reserve to stabilize oil prices.