“It is no surprise that the international oil cartel is seeking to maintain high prices,” said a campaigner with Food & Water Watch. “Political leaders here at home must understand that the solution is not to increase drilling.”
By Jake Johnson Published 10-5-2022 by Common Dreams
The Biden administration and Congress faced new pressure Wednesday to reinstate a ban on U.S. gasoline exports after the Saudi-led Organization of the Petroleum Exporting Countries agreed to slash oil production by two million barrels a day to boost prices, a move that drew outrage from the White House and some congressional Democrats.
U.S. National Security Adviser Jake Sullivan and National Economic Council Director Brian Deese said in a statement that President Joe Biden is “disappointed” by OPEC’s decision and will consider “tools and authorities to reduce OPEC’s control over energy prices.” Continue reading