Biden’s energy policies making inflation worse, top energy group says
From www.foxbusiness.com
2022-07-14 19:55:17
Excerpt:
The head of the nation’s top oil lobby group blamed President Biden’s energy policies Thursday for surging multi-decade high inflation.
American Petroleum Institute (API) CEO Mike Sommers ripped the White House energy strategy, accusing it of sending mixed signals to domestic industry.
Sommers — who made the comments during a media briefing ahead of Biden’s trip to Saudi Arabia where the president is expected to ask Middle Eastern energy producers to pump more oil — urged the president to incentivize greater domestic oil and gas production rather than beg foreign leaders for those same resources.
“This administration’s misguided policy agenda — shifting away from domestic oil and natural gas — has compounded inflationary pressures and added headwinds to companies’ daily efforts to meet growing energy needs while reducing emissions,” Sommers told reporters Thursday.