Energy Secretary Jennifer Granholm on Wednesday exhorted the oil industry to produce more fuel to help offset the global energy supply shock as the U.S. is now in a “war footing” triggered by Russia’s invasion of Ukraine.
“We are on war footing,” Granholm said. “That means [crude oil] releases from the strategic reserves all around the world. And that means you producing more right now if and when you can. I hope your investors are saying this to you as well. In this moment of crisis, we need more supply.”
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“We are on war footing,” Granholm said. “That means [crude oil] releases from the strategic reserves all around the world. And that means you producing more right now if and when you can. I hope your investors are saying this to you as well. In this moment of crisis, we need more supply.”
'We are on war footing': Granholm calls on oil companies to ramp up production
Gasoline prices have climbed steadily for the better part of a year, reaching an average of $4.25 a gallon on Wednesday.
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Energy Secretary asks U.S. drillers to ramp up supply
Gas prices have been steadily rising for months now, but Russia’s invasion of Ukraine caused them to skyrocket even more. This unprovoked aggression prompted the Biden Administration to ban imports of Russian oil and liquefied natural gas while acknowledging that consumers will see even more...
