Kathy Salvi, Republican candidate for the U.S. Senate blames incumbent Tammy Duckworth for gas price hikes and high government spending.
She also took a stand against President Joe Biden’s release of 1 million barrels of oil from the nation’s reserve.
“Gas prices are on the rise again despite Joe Biden draining 1 million barrels of oil a day from our Strategic Petroleum Reserve to help carry Tammy Duckworth through election day,” Salvi said. “This is exactly the type of ridiculous act that will threaten the economic health of American families and businesses.”
Salvi argued that the national debt is making it more challenging to restore fiscal sustainability.
“The debt just hit $31 trillion. Our current level of spending and the economic path we are on is unsustainable,” she said. “It’s adding to our inflationary problems and making our ability to dig out of a recession more difficult.”
Salvi said her election opponent and Biden contributes to the country’s economic crisis.
“Duckworth wants to borrow more and spend more, causing our economy to plunge,” Salvi stated. “Under Biden and Duckworth, everything costs more. Gas costs more, groceries cost more, everything important to American consumers costs more,” Salvi said. “Duckworth ignores these stats because she doesn’t know how to respond. Elect me and I promise to restore fiscal sanity!!”
The United States issued an angry response after OPEC cut oil production. The U.S. has noted it will be pursuing a domestic law aimed at tamping down on the Middle East’s control over the world’s oil markets. Oil dropped in price to almost $80 a barrel from more than $120 in early June, according to CNBC.
The International Monetary Fund has suggested the move will tip the world economy into recession, The New York Times reported. The publication also reported that the move comes as U.S. debt hit $31 trillion for the first time.
The Biden administration has undertaken the unprecedented step of releasing about a quarter of the country’s energy reserves – 155 million barrels of crude oil, according to the U.S. Department of Energy. It began releasing one million barrels of oil into the nation’s supply beginning in March resulting in the price of gas sliding nationwide.
Kevin Book, a managing director of the consulting firm ClearView Energy Partners told The New York Times that “This policy can only last until the stockpiles are exhausted, and replenishing the stockpiles would take years,” according to Miami Herald. The nation’s oil reserves are located in four caverns in Texas and Louisiana and can hold 727 million barrels.
