Biden policies 'key factor' in surging energy prices, American Petroleum Institute president says - News Summed Up

Biden policies 'key factor' in surging energy prices, American Petroleum Institute president says


The American Petroleum Institute's (API) president and CEO tells Fox News that Biden administration policies are a key factor in surging energy prices, and he expressed concern for consumers heading into winter months. "Certainly one of the key factors is that the Biden administration has made an effort to reduce production in the United States," Mike Sommers told Fox News in an interview. But, Sommers told Fox News, "when the administration is continually putting forward new proposals to limit production in the United States, American oil and gas companies are cutting back on production." Granholm told Bash: "the president is all over this" and "looking at all of the tools he has" to address high gas prices. Sommers said he believes Biden has started to reverse that trend and "we need to continue development in the United States, rather than being dependent on other countries for American energy."


Source: Fox News November 11, 2021 22:55 UTC



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