Oil Industry Slams Biden’s “Misguided” Policy Agenda

Oil Industry Slams Biden’s “Misguided” Policy Agenda

In a statement released earlier this week, (API) President and CEO Mike Sommers had some harsh words for President Biden.

A key oil industry leader, Sommers said in a statement released by his organization that “the 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 also highlighted a letter that API sent to the Administration earlier this week, which lays out ten key propositions policymakers could take to restore America as a global energy leader, instead of forcing the to make deals with adversarial nations to supply the country with oil.

The group states that “Washington policymakers must confront the global mismatch between demand and supply that has driven higher fuel prices by supporting greater U.S. production.”

Biden is butting heads with the oil industry at a time when across the county are hitting historic record highs.

CBS reported earlier this week that “according to the American Automobile Association, average gas prices throughout the nation reached the highest recorded price on Tuesday at $5.01 per gallon. The average price is up $2 in comparison to last year.”

Biden seems to currently be looking abroad for solutions to America’s energy crisis. The President has plans to visit in July.

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