Oil and gas groups call out Biden: ‘We would love to produce more, bring gas prices down’ (MSN)

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    Oil and gas groups call out Biden: ‘We would love to produce more, bring gas prices down’ – By Joshua Nelson (FOX News) / March 23, 2022

    Oil and gas industry representatives blasted President Biden Wednesday for blaming companies for the gas price surge.

    “Which is it? You can’t blame Putin and us at the same time. The bottom line is we are not price makers, we are price takers. We suffer from low prices and then we have higher prices. That is based on the price of oil globally,” Western Energy Alliance President Kathleen Sgamma told “Fox & Friends.”

    Sgamma said that demand for oil has risen and there are “various factors” that go into the price of oil, including the fallout from Russia’s invasion of Ukraine.

    “But we are not setting that price. We would love to produce more in the United States and help to bring those prices down.”

    CONTINUE >  https://www.msn.com/en-us/money/markets/oil-and-gas-groups-call-out-biden-we-would-love-to-produce-more-bring-gas-prices-down/ar-AAVpCDx?ocid=msedgntp

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