In her speech nominating Rep. Jim Jordan as House speaker, Rep. Elise Stefanik distorted the facts about U.S. energy production and the reasons for higher gasoline prices and utility bills.
Q: Is the Biden administration selling crude oil from the Strategic Petroleum Reserve to other countries?
A: The oil is sold to eligible companies that make the highest offers. Some of the companies are U.S. subsidiaries of foreign companies, and some that purchased oil have then exported a portion to buyers overseas. Exports increase the global supply and still help with U.S. gas prices, experts told us.