Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Vista Projects
Copper Tip Energy Services
Vista Projects
Hazloc Heaters
Copper Tip Energy


Biden looking to address oil refinery capacity


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

Joe Biden
U.S. President Joe Biden

U.S. President Joe Biden is looking at ways to bring in more oil supplies amid rising energy costs, including working to address oil refinery capacity, White House economic adviser Cecelia Rouse said on Friday.

“He is looking for what he can do administratively, whether that’s working with oil companies and refineries asking them, ‘We recognize your back capacity challenges – what can we do to help you maintain your refining capacity and bring more oil online?’” Rouse, chair of the White House Council on Economic Advisers, said in an interview with CNN.

The White House is considering proposals that would tax oil and gas windfall profits, a U.S. official said last week. Rouse, asked about that tax and possibly lifting some China tariffs, confirmed that all options remained on the table.

GLJ

“We want to do so in a way that is strategic and benefits the U.S. workers, U.S. businesses, U.S. economy writ large, but that is certainly on the table,” she said.

GLJ

Some of the ideas require working with Congress, she said.

Biden has come under intense pressure to ease price pressures, especially for gasoline, before November’s midterm elections with his Democratic Party’s control of Congress on the line.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE