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Energy Biden Sec. Granholm admits she does not know the rate of oil consumption in the United States when pressed by a reporter

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Rapidian Energy Group Chairman Bob McNally and Scott Fullman of Revere Securities comment on Biden’s ‘fateful’ energy policy

Energy Secretary Jennifer Granholm admitted on Tuesday that she did not know how many barrels of oil the United States consumes per day when a reporter suggested that the 50 million barrels the Department of Energy planned to release would last less than three days.

Granholm in a White House briefing on Tuesday described Biden’s strategy to release barrels of oil currently held in the US Strategic Oil Reserve to maintain “an adequate supply” amid global scarcity and soaring gas prices.

BIDEN RELEASES 50M BARRELS OF OIL AS PART OF THE GAS PRICE POINT

A reporter who was present for his remarks asked the Energy Secretary, “How many barrels of oil does the United States consume per day?”

“I don’t have that number in front of me. Sorry,” Granholm replied.

In 2020, the United States consumed an average of about 18.19 million barrels of oil per day, or a total of about 6.66 billion barrels of oil, the lowest level of annual consumption since 1995. The decline consumption in 2020 compared to 2019 was the largest recorded annual decline in oil demand in the United States, and was largely the result of the global response to the COVID-19 pandemic, according to the US Energy Information Administration.

The journalist told Granholm that according to these figures the administration would release “less than three days of supply from the oil reserve”.

Granholm nodded, dismissing the grim observation.

Biden’s pressure on the 14 OPEC countries and Russia to inject more supply into the global market has so far had little effect. The administration blamed the price hike in part on the effects of the economic recovery and restart after the COVID-19 pandemic. He also singled out energy companies for alleged anti-competitive behavior. Last week, Biden asked the Federal Trade Commission to investigate whether “illegal conduct” was pushing up prices at the pump for Americans.

SAN MATEO, CALIFORNIA – NOVEMBER 16: Gasoline prices are displayed at a gas station on November 16, 2021 in San Mateo County, California. (Photo by Liu Guanguan / China News Service via Getty Images) (Photo by Liu Guanguan / China News Service via Getty Images / Getty Images)

“There is growing evidence that lower oil prices do not translate into lower prices at the pump,” the White House said Tuesday.

Americans paid an average of $ 3.29 a gallon in October, according to U.S. data, the highest since September 2014.

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Granholm touted the move to tap into the strategic oil reserve as a testament to the president’s “commitment to use the tools available to cut costs for working families and continue our economic recovery.”

As of Nov. 19, there were 604.5 million barrels in the US Strategic Reserve, according to the Department of Energy.

Fox News’ Brook Singman and Paul Conner contributed to this report.

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