Oil CEO calls Biden out for missing ‘golden window’ to replenish the US petroleum reserve: 'Really bad'

As the price of crude oil and gas prices slowly tick up, one industry CEO claims he sees "storm clouds on the horizon." 

"We've got a good economy, we've got a high oil price, and yet we're seeing production lower than it was during the Trump administration, lower than it was pre-COVID," Canary CEO Dan Eberhart said on "Mornings with Maria" Tuesday.

"The train has left the station with the Saudis and OPEC cutting [production], and the Biden administration missed kind of a golden window when oil was in the 60s and 70s, too, to replenish the SPR," he continued.

Instead of buying more crude oil for the U.S. Strategic Petroleum Reserve at price points of $60 to $70 per barrel, the Biden administration has continued to sell its inventory. In February, after selling another 26 million barrels, Biden brought the Reserve to its lowest level since 1983.