US Department of Energy On
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US officials Revealed that the book President Joe Biden wrote on Tuesday (June 14) was an invitation to seven companies in the oil industry to discuss. It includes Marathon Petroleum, Valero Energy, Exxon, Mobil Phillips 66, Chevrov BP and Shell.
It is not yet clear what format this discussion will take. as well as the exact date and time of the meeting By the way, CNN tried to inquire. But one industry representative has not commented on the matter.
In a letter on Tuesday (June 14), Biden called on oil companies to boost gasoline supply. and condemned the exorbitant profit making as unacceptable. At a time when American families face record-breaking prices.
Biden said he had directed Energy Minister Jennifer Granholm to Organize an emergency meeting on this issue and coordinate with the National Petroleum Council. An advisory panel representing the oil and gas sector.
However, the oil industry quickly responded to Biden's claims. "We are surprised and disappointed by the president's book," said Chet Thompson, CEO of American Fuel and Petrochemical Manager.
"Any claim To say that US refineries are not doing their job of stabilizing the market is false," Thompson said. for a better understanding that various policies and what role do all the opposing rhetoric play in today's circumstances?”
The President and his team It has admitted in recent weeks that Biden may not do much to curb soaring energy prices. The average nationwide gasoline price hit $5 per gallon for the first time in history. The issue became a major political issue for the president. that are trying hard to bring down high consumer prices. Amid the worst inflation in decades
Biden and his government repeatedly condemned To Russian President Vladimir Putin and Putin's war on Ukraine. for soaring energy prices Although experts cite other factors as well, including high demand. supply bottlenecks and efforts to stimulate the economy after COVID-19 That is the reason why the price has rebounded higher.
in March President Biden announced the release of 180 million barrels of oil from US strategic reserves and also set a framework for measures Many of which his government will use to punish energy companies that have leased land in Bang Klang State but are not using it. Penalty for not increasing production capacity in this section
President Biden this week admit that inflation Soaring food and gas prices is having a big impact on American families. And admits he doesn't have much of a choice to fight soaring inflation. especially the rift in the Senate. has thwarted the agenda in his nations
In an aggressive effort to combat inflation In the middle of last week Federal Reserve Bank It raised interest rates to 0.75%, the biggest increase since 1994, after May consumer prices rose 8.6 percent from the same period last year. It is the hottest rate since December 1981.