Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

[Post-Truth]

https://oilprice.com/Energy/Natural-Gas ... rship.html

- Biden met on Thursday with industry leaders to boost offshore wind capacity.

- Oil refiners, in the meantime, were summoned to meet with Secretary Granholm.

- Granholm's meeting with U.S. refiners didn't lead to any commitments from either side.


USA President Joe Biden met on Thursday with governors, labor leaders, and business leaders to discuss the implementation of more offshore wind capacity, snubbing oil company executives who were meeting with U.S. Energy Secretary Jennifer Granholm to discuss the soaring gasoline prices in America.

The White House is desperate to lower gasoline prices, which are the most important election issue for many Americans ahead of the mid-term elections in November. Ideas juggled by the Biden Administration range from invoking the Defense Production Act to boost refining capacity and output, to restrictions on oil exports. President Joe Biden also stepped up rhetoric toward oil companies, telling them in a letter sent last week to increase fuel production and noting that “refinery profit margins well above normal being passed directly onto American families are not acceptable.”

[xkhan]

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