PRESIDENT BIDEN CHARGES OPEC COUNTRIES TO PRODUCE MORE IN ORDER TO KEEP OIL PRICES DOWN
Biden casts himself as a champion of lower gasoline prices by urging foreign oil producers to boost output even as prices appear poised to fall
On Wednesday, the White House urged the Organization of the Petroleum Exporting Countries, an intergovernmental organization of thirteen oil-exporting nations and oil-producing allies to boost production in an effort to combat climbing gasoline prices amid the continued COVID-19 crisis,
The Wall Street Journal report that “Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery,” White House National Security Advisor Jake Sullivan said in a statement.
If the Biden administration cites this week’s UN climate report as evidence to support keeping federal oil and gas leasing on pause, it may not have the law on its side.
Addressing only this one point: asking a country that is already producing, to produce a bit more to keep prices down, is not such a bad thing, is it? Prices are up 25% from last year, and we're in the middle of a pandemic.
You Can Also Read
