Posted on 10/28/2021 8:21:24 AM PDT by SeekAndFind
The White House on Tuesday promised to put pressure on members of the Organization of the Petroleum Exporting Countries (OPEC) to increase production amid declining supplies and rising energy prices.
Press secretary Jen Psaki told reports at a press briefing that the president is “mindful” of the increased prices consumers are facing when it comes to their energy bills and that he “reserves a range of options,” to combat the situation.
Psaki said the administration is focusing on raising its concern with “supply issues as it relates to oil” on the international stage.
“There’s a power of the president of the United States engaging on that front,” she said. “That issue has been raised at [national security adviser Jake Sullivan’s] level, at a range of levels throughout government, but certainly the supply … and putting additional pressure on OPEC is something that certainly our national security team will continue to do.”
The administration is “concerned” over the high gas prices and has asked the Federal Trade Commission (FTC) to investigate the matter, Psaki said.
“I will also note that as it relates to gas prices, we remain concerned about trends we have seen where even as supply has increased at times over the last several months, we’ve still seen heightened prices,” she said. “We’ve asked the FTC to look into that.”
Jerry Simmons, president of the Domestic Energy Producer Alliance (DEPA), has blamed Biden administration policies for hindering U.S. oil and gas companies from producing energy commodities, and securing American energy independence and lower prices for American families.
DEPA is a nationwide collaboration of 39 coalition associations representing individuals and companies who engage in onshore oil and natural gas exploration and production in the United States.
(Excerpt) Read more at theepochtimes.com ...
Gee, not long ago we didn’t need OPEC.
What’s changed in the last 10 months?
It’s a mystery.
L
NAH!
Joe gets a 10% cut of all petroleum products bought from the Saudis.
OPEC THEN CHANTS “LET’S GO BRANDON!”......................
The stupid, it burns, I feel like the Jason character in the GEICO Halloween commercials.
Hey Brandon, how about reauthorizing the Keystone XL pipeline, and reinstating drilling leases on federal lands that you just “executive ordered” out of existence?
Send obama to beg them. He knows how to get on his knees and ... kiss rings and other stuff.
Admission of failure to protect the national security of the USA.
In 2020, the United States produced 16.5 million barrels of oil per day. In 2021, the estimate is 11 million per day. What happened? /s
LET’S GO BRANDON!
Most of OPEC likes oil around $100+. They need that price to support their welfare states. Below that price they have to deplete their fields faster than they would like. The battle between supply and demand worldwide makes them keep prices below what they would prefer even now with Biden helping them as much as he can.
That’s mainly oil. Russia is playing good cop - bad cop with Europe. First they threatened and left Europe short, now they are sending more and Europe is thankful. Russia just toying with them.
Meanwhile America looks foolish, and for good reason. And the climate change crew is still angry and will never be satisfied until the American economy is destroyed.
My comment above should have noted that Russia is dealing mainly in nat gas to Europe.
Oil prices will crater if the US economy crashes. It’s in OPEC’s interest to throw a bone to the Dems.
Biden could cure the energy cris with one phone call, but he will not.
The statement that he will pressure Saudis is pure theater to influence voters.
Oh please Mr Oilman…I have curtailed domestic production so please put more oil on the market to decrease your profit and lower our energy costs…pretty please pretty please…insane…
Ask Jimmy Carter how much OPEC could care less about the USA
I work with a company that produces an oilfield in SE Utah. We have been waiting 15 months for 4 drilling permits, low risk wells. BLM approval is the hold up. Interior Department has frozen drilling.
RE: BLM approval is the hold up.
What does BLM stand for in the above sentence? I hope it’s not Black Lives Matter....
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