CEO Warns Biden Put US in a ‘Very Precarious Position’ After More Oil Is Released

Started by Epoch-Times-Bot, Oct 20, 2022, 04:45 PM

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Oct 20, 2022, 04:45 PM
CEO Warns Biden Put US in a 'Very Precarious Position' After More Oil Is Released

An oil CEO said the White House put the United States in a “very precarious position” after another significant release of oil from U.S. reserves.
After President Biden announced an additional 15 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) would be released to combat rising gas prices just weeks before the midterm elections, one American oil industry leader is now calling it the “strategic political reserve.”
“This is a very precarious position we’re in today at a time of dramatic geopolitical upheaval,” American Petroleum Institute president and CEO Mike Sommers told Fox News on Thursday. “We need to have that SPR in place and at the right levels dealing with the current geopolitical situation we’re in today.”...

Source: CEO Warns Biden Put US in a 'Very Precarious Position' After More Oil Is Released

xenzol

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Aug 07, 2024, 07:04 PM
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