#gas #biden #energy
Frank Macchiarola, American Petroleum Institute SVP of Policy, Economics and Regulatory Affairs, sits down with Yahoo Finance Live anchors Dave Briggs and Seana Smith to examine gas companies’ reactions to the Biden administration’s attempts to alleviate rising oil prices, refinery production capacities, and energy sector jobs trends.
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22 Comments
Rethink???? I didn't think that was a function for him…let alone think.
555 💫 change is coming
The Democrats create the problem than pretend to solve the problem that they created.
this guy "Frank Macchiarola" is obviously a shill for Republicans and the fossil fuel industry. The industry needs to DRILL not get more land grants or pipelines.
this is a bunch of nonsense.
1. Oil produced in the US gets exported abroad because it it "light sweet crude" that doesn't work for the energy needs of the US. We need middle east oil that has the right chemistry. So more oil production here wont make a difference.
2. Oil prices are not dependent on far off in the future projects like pipelines, and more oil rigs. It's purely based on day to day supply and demand. If this has anything to do with Biden (or any president, really) why are oil prices surging globally, IN EVERY COUNTRY? Is the US president so powerful that he can drive up prices in other countries ? NOPE.
3. Electricity is made in the US, crude oil is made in the middle east. Which of the two is more patriotic ? Time to get electrification going full swing and stop our dependence on the middle east, which will stop the need to sacrifice our men and women in wars defending our energy needs that exist in other countries.
Enough with the nonsense.
The national average price of a gallon of gas has doubled since President Biden took office in Jan. 2021.
Jan. 2021: $2.39 per gallon
June 2022: $4.86 per gallon
fraudulent administration
Probably the cheapest gas in the first world… best cure for high prices… high prices
Biden is doomed. What a amazing political death
"Rethink" is about the grossest, most generous understatement i can imagine.
No one wants to do buisness with biden. He tells oil companies change or shut down what do you expect
These energy folks are desperate cuz banks have told them no more loans NADA because u frauded us from the get go with fake geological reports
It is nice you said that. Two periods with Obama adm, one now with him trying to destroy US oil industry and now they want more oil ? Are you kidding me? They have no built a single refinery in US in almost 40 years and now give me oil baby.. Does not work like that. 👍👍
The inflation is calculated to understate reality. Instead of lowered annual purchasing power being the same as working a month with out getting paid, the understating true inflation is closer to losing 2 months of pay. And expect high inflation to be the new normal. In 2 or 3 years, very few will afford restaurants, tourism, new cars and Netflix.
Our collective future is many people living in one house sharing expenses and replacing cars with e-bikes.
Hmm restart a refinery that is half scrapped lol
Rethink means him telling his Democrat base to GTFO which he isn't going to do.
We know Biden isn't actually calling the shots it's the other people in the Democratic party that is.
Is he talking about the Keystone pipeline that was temporarily shut down in 2019 for spilling close to 400,000 gallons
Keystone pipeline, banning new oil rigs, carbon taxes, gas taxes, surtaxes: and Biden has no power over price of gas?
He should issue an executive order lifting gas taxes for a year: he handed them out like candy last year over useless things.
Joe gonna show the Oil companies who's boss just like he did Afghanistan.
dont worry.. all of you will vote him on second term 👍
this is the result of electing a person with no brain to lead the country
The gas companies already blew their nose with his letter