Biden Admin Now Urging Oil And Gas Companies To Bring Down Rising Fuel Costs: Report | Beaufort County Now | The Biden administration has reportedly been speaking to oil and gas companies about lowering the cost of fuel as high gas prices have been one of the many problems the administration has struggled to address.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ryan Saavedra.

    The Biden administration has reportedly been speaking to oil and gas companies about lowering the cost of fuel as high gas prices have been one of the many problems the administration has struggled to address.

    "Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation's peak reached in 2019," Reuters reported. "The talks with energy companies touched on several issues, including prices, according to a third person familiar with the discussions. The administration has been in discussions with the oil industry over limiting methane emissions in recent months."

    A White House official told Reuters that they were "closely monitoring the cost of oil and the cost of gas Americans are paying at the pump" and suggested that "anti-competitive practices" could be responsible for rising costs, although they provided no evidence.

    "It can take six months to drill and complete a new well and bring the oil and gas to market," the report added. "Any call by the White House for an increase in U.S. production is likely to fall on deaf ears, according to one oil executive, who did not want to be identified criticizing the approach. The industry has also been unhappy with some of President Joe Biden's earlier actions, including a temporary drilling halt on federal lands, that they see as an attack on the industry."

    Anne Bradbury, CEO at the American Exploration and Production Council, told Reuters, "By pursuing policies that restrict supply and make it harder to produce oil and natural gas here in America, Americans will have to pay more for their energy."

    The news comes as Democrat President Joe Biden threatened private companies on Wednesday if they did not fix supply chain issues, which has been an ongoing problem for months, but the administration only now seems to be trying to take aggressive action to fix it.

    "If the private sector doesn't step up, we're going to call them out and ask them to act," Biden said. "I want to be clear, this is an across-the-board commitment to going to 24/7. This is a big first step in speeding up the movement of materials and goods through our supply chain but now we need the rest of the private sector chain to step up as well."

    "All of these goods won't move by themselves," Biden continued. "For the positive impact to be felt all across the country and by all of you at home, we need major retailers who ordered the goods and the freight movers who take the goods from the ships to factories and to stores to step up as well."

    The Daily Wire is one of America's fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.
Go Back

HbAD0

Latest Op-Ed & Politics

The World, the "President's" constituents, and America's patriots got a full on dose of something not witnessed in my lifetime - the roadmap for the dissolution of a presidency, and as intellectually frail as it might have appeared, it is now in the pronounced period of dénouement.
White House Press Secretary Jen Psaki said on Tuesday that the situation in Eastern Europe has grown so dire that “we are now at a stage where Russia could at any point launch an attack in Ukraine.”
Writing "In God We Trust" on his cars and trying to buy loyalty and silence with arbitrary raises and position reclassifications will only keep maligned staff quiet for a short while.

HbAD1

Florida Republican Governor Ron DeSantis slammed Democrat President Joe Biden in remarks this week during an interview, saying that there were a lot of problems around the country with “Brandon,” a name used to mock Biden, in office.
Jeffrey Epstein, the wealthy pedophile who was found dead in his New York City jail cell in 2019 as he faced new criminal charges, reportedly visited then-President Bill Clinton’s White House numerous times and brought several women.
On the Fourth of July, Missouri Congresswoman and outspoken ‘Defund the Police’ advocate, Cori Bush tweeted this statement.
Democratic U.S. candidate Cheri Beasley tweeted Wednesday that if she had been in the Senate, she would have voted in favor of the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act.
Judges in redistricting trial refused to sanction defendants over maps drawn by Rep. Destin Hall and staffers during "strategy sessions."

HbAD2

 
Back to Top