Friday, November 19, 2021

Ask...

 



The chief executive of U.S. oil company Occidental Petroleum said that it would have been preferable if the Biden administration had asked shale producers closer to home to increase production and crude supplies, rather than the OPEC alliance that's led by Saudi Arabia.
Asked whether President Joe Biden and his team were getting it wrong by asking OPEC to pump more when there are shale oil producers at home, CEO Vicki Hollub said that "if I were gonna make a call, it wouldn't be long distance, it would be a local call."
"I think first you, you stay home, you ask your friends, and you ask your neighbors to do it. And then if we can't do it, you call some other countries," she said.
Hollub's comments come after a period of dramatic energy price rises in recent months that led to the White House calling on OPEC and its oil-producing allies, a group known as OPEC+, to boost production in an effort to combat climbing gasoline prices.
Oil and Gas prices doubled since Biden took office for obvious reasons. 
"Ask and you shall receive". Just a thought.

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