From the oil industry’s perspective, the U.S. president is basically demanding that they spend money on what will soon become stranded assets if the transition succeeds as planned.
Earlier this week, U.S. President Joe Biden accused oil companies of “war profiteering.”
This industry must be quite confused right now. On the one hand, oil companies—especially Big Oil because of its Big Profits—are being targeted with threats for windfall taxes and “other restrictions” of an as-of-yet undetermined nature. That could be reason enough to boost drilling, but only for some companies. Most of Big Oil has made big bets on things like wind, solar, hydrogen, and EV charging because the companies’ investors have pushed these companies to make these big bets. Management has also been on board, sensing an uninterrupted ESG shift in the investment world.
“Rather than taking credit for price declines and shifting blame for price increases, the Biden administration should get serious about addressing the supply and demand imbalance that has caused higher gas prices and created long-term energy challenges,” the President of the American Petroleum Institute, Mike Sommers, said in a“Oil companies do not set prices—global commodities markets do,” Sommers went on to say.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Matthew Perry reveals unexpected relationship news amid addiction strugglesFriends star Matthew Perry has opened up about his relationship status and revealed some unexpected news amid his addiction struggles
続きを読む »
Mom's Anna Faris discusses her relationship with ex Chris Pratt and his new wife'We're all getting much closer.'
続きを読む »
What your love language is, and what it means for your relationshipExperts claim there are five different ways to give and receive affection – and understanding your preference could transform your relationship Discover what your love language is 💕⤵️
続きを読む »
Millie Bobby Brown reveals glimpse into relationship with boyfriend Jake BongioviStranger Things star Milly Bobby Brown took to social media with a candid update showing her 58.9 million followers a rare insight into her relationship with Jake Bongiovi. See video.
続きを読む »