Rejects Idea of Boosting Domestic Oil Production
Mar 7, 2022 21:39:07 GMT -5
Post by maybetoday on Mar 7, 2022 21:39:07 GMT -5
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White House Rejects Idea of Boosting Domestic Oil Production to Lower Gas Prices
2:35
The White House on Sunday rejected the argument that increasing domestic oil production would help lower gas prices, as the cost of oil moves toward record highs.
Crude oil prices rose as high as $130.50 a barrel on Sunday evening.
White House press secretary Jen Psaki released a set of talking points on social media, arguing against a focus on boosting oil production in the United States.
“It’s a reminder that real energy security comes from reducing our dependence on fossil fuels,” Psaki wrote, noting that Russia’s continued invasion of Ukraine was causing a spike in oil prices.
Continued at link
White House Rejects Idea of Boosting Domestic Oil Production to Lower Gas Prices
2:35
The White House on Sunday rejected the argument that increasing domestic oil production would help lower gas prices, as the cost of oil moves toward record highs.
Crude oil prices rose as high as $130.50 a barrel on Sunday evening.
White House press secretary Jen Psaki released a set of talking points on social media, arguing against a focus on boosting oil production in the United States.
“It’s a reminder that real energy security comes from reducing our dependence on fossil fuels,” Psaki wrote, noting that Russia’s continued invasion of Ukraine was causing a spike in oil prices.
Continued at link