The oil company CEO said he wanted a more cooperative relationship with the government.
“Let’s work together,” Wirth wrote. “The American people rightly expect our country’s leaders and industry to address the challenges they are facing in a serious and resolute manner.”“He’s mildly sensitive,” Biden said. “I didn’t know they’d get their feelings hurt that quickly. Look, we need more refining capacity. This idea that they don’t have oil to drill and to bring up is simply not true.”
The clash between the Biden administration and oil producers and refiners unfolded ahead of a Thursday meeting that Energy Secretary Jennifer Granholm will hold with energy companies. The House has approved legislation to crack down on alleged price gouging by oil companies, but the bill has stalled in the Senate. Democratic proposals to impose a “windfall profits” tax on oil producers have generated little support in Congress.
“We have a classic supply-and-demand challenge,” Cornell told the audience. “In all due respect, the gas holiday is only going to fuel demand. It’s doing nothing to increase the supply.”Article content
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