Biden says climate change policies not responsible for 'inflated gas prices'

“Prices are determined by competitive firms operating in an environment of supply and demand.” He went on:

Unfortunately federal policy is discouraging supply by shutting down pipelines, putting future production off limits, talking down the future of the petroleum business, and imposing expensive requirements on refineries, chief among them a burdensome Renewable Fuel Standard.
“America’s real strategic petroleum reserve is in places like the Permian Basin and the Gulf of Mexico. The Department of Energy’s reserve should only be used for supply disruptions,” Christopher Guith, senior vice president of the Chamber of Commerce’s Global Energy Institute, said in a statement on Tuesday, adding:

Instead of ineffectual band aids, the White House should focus on policies that will encourage domestic production of oil and natural gas. Rather, all the Administration has done is threaten energy production on federal lands, cancel pipelines and beg Saudi Arabia and Russia for more oil.
“It’s time to unleash America’s full potential to meet the world’s energy needs.”

 
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