President Biden Remarks on Energy and Gas Prices
2022-03-31T17:41:42-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNWFhXC8yMDIyMDMzMTEzNDk0MDAxM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==President Biden called on oil and gas companies to immediately increase supply to help reduce the cost of gasoline at the pump, arguing it is their patriotic duty to do so. He also said he would implement a “use it or lose it” policy to current drilling permits. To help lower prices in the short term, the president announced the release of 1 million oil barrels per day for six months from the nation’s reserves. “This is a wartime bridge to increase oil supply until production ramps up later this year,” he argued, blaming Russia’s invasion of Ukraine for rising prices. When asked about whether Russian President Vladimir Putin is withdrawing forces from Kyiv as the Kremlin recently announced, Biden said, “there is no clear evidence.”
President Biden called on oil and gas companies to immediately increase supply to help reduce the cost of gasoline at the pump, arguing it is their patriotic duty to do so. He also said… read more
President Biden called on oil and gas companies to immediately increase supply to help reduce the cost of gasoline at the pump, arguing it is their patriotic duty to do so. He also said he would implement a “use it or lose it” policy to current drilling permits. To help lower prices in the short term, the president announced the release of 1 million oil barrels per day for six months from the nation’s reserves. “This is a wartime bridge to increase oil supply until production ramps up later this year,” he argued, blaming Russia’s invasion of Ukraine for rising prices. When asked about whether Russian President Vladimir Putin is withdrawing forces from Kyiv as the Kremlin recently announced, Biden said, “there is no clear evidence.” close
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