HomeEconomyUnited States: Biden calls for an increase in oil production

United States: Biden calls for an increase in oil production

The US president, who wants to lower the price of gasoline, called on US companies on Wednesday to increase their oil production on US soil.

The United States “must increase US oil production in a reasonable way,” said the president from the White House, after confirming that the United States will continue to use its strategic reserves to stabilize prices.

This increase in national production must occur “without delaying our transition to clean energy,” as the president wanted.

Mr. Biden also reiterated his criticism of certain industrial players in the hydrocarbons sector.

“Refinery profits are double normal. And dealer margins are over 40% above normal,” he tweeted.

Author: CO with AFP
Source: BFM TV

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