Monday, July 11, 2022

Trump and Boebert’s Oil Spin

 https://www.factcheck.org/2021/08/trump-and-boeberts-oil-spin/

The average gross exports so far during the Biden administration are higher than the average during the Trump administration, Samantha Gross, director of the Energy Security and Climate Initiative at the Brookings Institution and the director of the Department of Energy’s Office of International Climate and Clean Energy under Obama, told us in an email.

“But the real issue here is way beyond anything either administration did – it’s about global oil prices,” Gross said. “Presidents can’t do much to control those, they are set in the global marketplace, although politicians suffer when gasoline prices rise. As the swing producers, OPEC decisions make a difference here and that’s why presidents often jawbone OPEC to produce more to bring oil prices down. It’s not because we are any more dependent on the Middle East than we were last year.”

No comments :

Post a Comment

ANONYMOUS COMMENTS WILL NOT BE POSTED!
please use either your real name or a pseudonym.