Big Oil blasts Biden for turning to OPEC for more
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Posted On: 09/18/2021 11:59:56 AM
Big Oil blasts Biden for turning to OPEC for more crude
New York (CNN Business)Big Oil is not pleased with the White House's push this week for more crude from OPEC and its allies.
The American Petroleum Institute, the powerful lobby group that represents the US oil and gas industry, is arguing President Joe Biden should be working to boost oil production at home before looking overseas.
"You'd think the first place you would go would be American producers, rather than OPEC, which literally held this country hostage for decades because they were our top supplier," API President Mike Sommers told CNN Business.
In response, a White House official stressed the importance of "reliable and stable energy markets at this critical moment" in the global recovery from the pandemic.
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Why do that America can pay Other countries
New York (CNN Business)Big Oil is not pleased with the White House's push this week for more crude from OPEC and its allies.
The American Petroleum Institute, the powerful lobby group that represents the US oil and gas industry, is arguing President Joe Biden should be working to boost oil production at home before looking overseas.
"You'd think the first place you would go would be American producers, rather than OPEC, which literally held this country hostage for decades because they were our top supplier," API President Mike Sommers told CNN Business.
In response, a White House official stressed the importance of "reliable and stable energy markets at this critical moment" in the global recovery from the pandemic.
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Why do that America can pay Other countries
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