WASHINGTON - United States President Joe Biden on Wednesday demanded oil companies explain why they aren't putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.
The letter is also being sent to Phillips 66, Chevron Corp, BP and Shell, a White House official, who declined to be identified, told Reuters. Rising gas prices have helped drive unexpectedly persistent consumer price inflation and voter anger ahead of the Nov 8 midterm elections where Biden's Democratic Party is defending its control of Congress.in May, leading to the largest annual increase in four decades.
The president, who came into office vowing to reduce US dependence on fossil fuels, now wants to speed up oil production, which is expected to hit record highs in the United States next year.
straits_times Didn’t his administration stop adding and renewing license to drill for more fossil fuel in USA, due to the fake environmental concerns?