link : President Biden Asks Saudi Arabia And OPEC To Produce More Oil As inflation Sends Gas Prices Soaring
President Biden Asks Saudi Arabia And OPEC To Produce More Oil As inflation Sends Gas Prices Soaring
* Prices at the pump are about $1 higher, 42%, than they were one year ago
* OPEC+ cut production by 10 million barrels per day at the height of the pandemic, and has only slowly started to increase production again
* 'This is simply not enough,' National Security Adviser Jake Sullivan said
* Republicans have blamed Biden’s shift toward green energy, which includes nixing the Keystone pipeline permit and pausing new federal oil and gas leases
The Biden administration is sounding the alarm about fast-rising energy prices and demanding that Saudi Arabia and OPEC produce more oil - after the president paused all federal oil and gas leases.
Prices at the pump are on average about $1.00 higher, 42%, than they were one year
'Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery,' National Security Adviser Jake Sullivan said in a statement Wednesday.
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WNU Editor: I do not see OPEC or Russia producing more. My sense is that they are happy with the price and current quotas.
More News On President Biden Asking Saudi Arabia And OPEC To Produce More Oil
White House calls on OPEC to boost oil production as gasoline prices rise -- CNBC
U.S. calls on OPEC and its allies to pump more oil -- Reuters
White House Calls on OPEC to Increase Oil Production after Curtailing Domestic Drilling -- National Review
White House calls on OPEC+ to increase oil production as gas prices rise -- Axios
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