American Petroleum Institute (API) CEO Mike Sommers is urging Joe Biden to reconsider his energy policy ahead of the president’s visit to the oil-rich Middle East, arguing the administration should focus on expanding domestic energy sources instead of turning to foreign production.
“While we appreciate the opportunity to open increased dialogue with the White House, the administration’s misguided policy agenda shifting away from domestic oil and natural gas has compounded inflationary pressures and added headwinds to companies’ daily efforts to meet growing energy needs while reducing emissions,” Sommers said in a Wednesday statement.
“Ahead of his travel to the Middle East next month, we urge the President to prioritize unlocking U.S. energy resources—that are the envy of the world—instead of increasing reliance on foreign sources,” Sommers added. The API is the nation’s largest trade association for the oil and natural gas industry.
Biden is expected to travel to the Middle East between July 13 and 16, making stops in Israel and the West Bank before finishing his trip in Saudi Arabia. There, oil is “absolutely” going to be part of the president’s talks with Saudi officials, the National Security Council’s John Kirby told MSNBC on Tuesday.
Read more at Newsweek.com
What Are Your Thoughts?
