Granholm Tells Oil Executives Crude Export Ban Is Off the Table

Yahoo Finance ^ | December 14, 2021, 10:54 AM | Ari Natter

[Hojczyk]

President Joe Biden’s energy chief extended an olive branch to the oil industry Tuesday, telling executives a crude export ban is not under consideration, while assuring them that the administration was “not a bogeyman.”

Energy Secretary Jennifer Granholm made the virtual remarks Tuesday to an outside advisory group with members including executives from such companies as Exxon Mobil Corp. and Royal Dutch Shell Plc. Her conciliatory tone comes as the administration’s policies on energy production, which included a temporary halt to oil leasing on federal lands and the termination of a permit for the Keystone XL pipeline, have drawn the ire of industry.

“I do not want to fight with any of you,” Granholm told the National Petroleum Council. “I do think it’s much more productive to work together on future facing solutions.”

The administration, Granholm said, is not considering reinstating a ban on the export of crude oil -- a tool the Biden White House had previously been considering as it sought ways to address gasoline prices that hovered around a seven-year high, setting off political alarm bells. Granholm’s comments represent the administration’s most definitive statement regarding the export ban, which had the potential to upend oil markets while discouraging domestic oil production.

Granholm’s address to the council follows finger pointing over the issue of high gasoline and oil prices. The industry was also angry with the administration’s decision to dramatically reduce access to oil and gas development, followed by complaints domestic producers weren’t ramping up production amid increasing energy demand as the worst of the pandemic ended.

[Fido969]

Did she then laugh hysterically?

[rigelkentaurus]

Not a boogeyman. True - the boogeyman is a myth, this communist is, unfortunately, real. No serious executive would believe a single word from her.

[SES1066]

President Joe Biden’s energy chief extended an olive branch to the oil industry Tuesday, telling executives a crude export ban is not under consideration, while assuring them that the administration was “not a bogeyman.”

Note to Biden Administration policymakers; "If it walks like a duck, quacks like a duck ..."! In your near 11 months of office, we have had more COVID Deaths than Trump, spent/authorized more money than Trump, had vastly higher inflation than Trump and a 'secure' southern border flooding without adult supervision (anyone seen Kamala?) So, Secretary Granholm, stick your grand where some one will listen, like Venezuela perhaps!

[ridesthemiles]

Same ‘Sec of Energy’ did NOT know how many barrels of oil the USA uses every day.

Thought 50 million barrels drawn from the STRATEGIC RESERVES was ALOT of oil.

50 million barrels is barely a 2 day usage.

[Chode]

i am confusion, why would we want to sell crude instead of refined???

[farming pharmer]

This idiot was governor of Michigan for eight ruinous years, then high-tailed it to California immediately when she was done.

That the illegitimate Biden administration is full of failed retreads like her is no surprise.

[Tupelo]

WOW!
Now I am wondering just how much $$$$$ the National Petroleum Council is “donating” to the various members of the administration and congress. Which begs the question, does The Big Guy still get 10%?

[Bookshelf]

Ari Natter the author: A nattering nabob of negativism?

[beethovenfan]

She has absolutely NO qualifications to be energy secretary.