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President Joe Bidenwho wants to lower the gasoline pricecalled on Wednesday for producing companies in the United States to increase their extraction volumes.
USA “needs to responsibly increase production” of oil, Biden said at the White House, after confirming that his government will continue to use strategic crude oil reserves to stabilize prices, after a production cut by OPEC and its allies in the OPEC+.
An increase in production in the United States should not affect the country’s transition to clean energy, the president said.
Biden reiterated his criticism of some actors in the hydrocarbon industry.
“Refiners’ profits are double normal. And distributors’ margins are more than 40% above normal,” Trump said.
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