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Biden abducts oil CEO for wind executives in record gas prices

Thursday President Biden skipped the administration's summit with oil company executives in record gas prices and instead led the wind industry. I suddenly visited the White House, which is a gathering of people.

"When you think about the environment, think about your work" Biden told a group of five wind industry CEOs in the Roosevelt Room of the White House.

"We are building a better America," Biden said at the conference, with the participation of Energy Secretary Jennifer Granholm, Secretary of the Interior Deb Haaland and the government. Phil Murphy (D-NJ) and John Carney (D-Del.)

President's stop-by visit is not his daily schedule, just after a private Granholm meeting with a major oil refiner It was done in. Discuss how to deal with rising prices after Russia's invasion of Ukraine in February. According to AAA, the average price of a gallon of regular gas isabout $ 5.

According to the US Energy Information Administration, in 2021, wind power accounted for3.3%of US electricity production.

Joe Biden
Getty Images / Drew Angerer

LizBurdock is the CEO of the Wind Power Conference with Biden. Included was Offshore Wind Business Network, Ørsted Offshore North America David Hardy, Dominion Energy Robert Blue, US Wind Power Jeffrey Gribowski, Vineyard Offshore Larspedersen.

Based in Virginia, Dominion Energy has a broad portfolio of electricity sources, including nuclear, coal and natural gas.

Meanwhile, oil industry executives said they were encouraged by the meeting with Granholm.

"Secretary The meeting between Granholm and an American refiner was a constructive debate on how to deal with rising energy costs and increase the certainty of the global energy market." A joint statement from the oil industry said later:

American Petroleum Institute and American Fuel&Petroleum chemical manufacturers said: The United States is committed to long-term investment in a strong US refining industry. We are informing the market that we are adjusting our policies to reflect that commitment. ”

Byden will blame oil industry leaders on Monday for high prices. Even so, he said he would never meet. The president argued that the industry wasn't drilling and improving enough, accusing them of making money, and causing a war of words.

Energy Secretary Jennifer Granholm
AP / Susan Walsh

Chevron CEO Michael Wirth, second largest in the country "Today's meeting was a constructive conversation about addressing both short-term and long-term stability of the energy market," the oil company said Thursday. Worth wrote in an open letter on Tuesday that the data was inconsistent with Biden's claim that the industry was not fully drilled or refined.

"In 2021, Chevron produced the largest amount of oil and gas in 143 years of history. In the first quarter of 2022, US production was 1.2 million barrels per day. , Increased by 109,000 barrels per day from the same period last year. " Worth wrote in

: The Permian basin (mainly in western Texas) alone is expected to approach 750,000 barrels per day by the end of the year, an increase of more than 15% from 2021, "Wirth added. ..

Chevron gas truck
Getty Images / Brandon Bell

"And what is Chevron's US refinery input? Increased to 915,000 barrels per day, from 881,000 in the same quarter last year to the average for the first quarter of this year. "

Biden on Tuesday," slightly sensitive "WorthMocked.

"We need more refining capacity. This idea that they don't have the oil to drill and grow is simply not true," Biden told Worth on Tuesday. I answered and said. "We should be able to solve something to keep them from giving up on the transition to renewable energy while increasing their refining capacity."

Chevron is the first in 2022. Reported a profit of $ 6.5 billion in the quarter. This is four times the $ 1.7 billion profit in the first quarter of 2021 due to rising global oil prices. ..

High gas prices have contributed to the worst inflation since 1981, but Federal Reserve Chairman Jerome PowellI saidon Wednesday. The war in Ukraine broke out.

On Wednesday, Biden urged gas station owners to unilaterally lower the price of their pumps. Approximately60%of US pumping stations are owned by individuals or families who operate only one location.

The Republican Party tried to impose a moratorium on new oil drilling on public land last year by Biden gas by spiked new oil. An oil pipeline project that includes the Keystone XL pipeline from Canada, which states that it has contributed to the price crisis.

On Wednesday, Biden urged Congress to temporarily exempt Congress from the federal gas tax of 18.3 cents per gallon . He previously ordered the release of 1 million barrels of per day from strategic petroleum stocks , a higher percentage of than . Allowed ethanol.  Gas during the summer, but neither step lowered the price.