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American Oil Institute Head Of State and also Chief Executive Officer Mike Sommers on the Biden group reportedly reaching out to oil firms to reboot shuttered oil refineries, as well as gas rates nearing record highs heading into Memorial Day weekend break.
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MIKE SOMMERS: However the real concern is, is the messages that we're getting from the Biden management consistently are divided. Often they claim we need to produce even more, we require to fine-tune a lot more. But all of their plans remain to point to lower manufacturing below in the USA. We require a succinct, solid message from the Biden administration to obtain manufacturing back mosting likely to where it needs to be.
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Energy expert: Messaging from the Biden administration is 'the real concern'
American Petroleum Institute President and CEO Mike Sommers on the Biden team reportedly reaching out to oil companies to restart shuttered oil refineries, and gas prices nearing record highs heading into Memorial Day weekend.
...
MIKE SOMMERS: But the real concern is, is the messages that we're getting from the Biden administration continually are divided. Sometimes they say we need to produce more, we need to refine more. But all of their policies continue to point to lower production here in the United States. We need a concise, solid message from the Biden administration to get production back going to where it needs to be.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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