President Biden ‘Blame Game’ Targets US Oil Companies for Illegal Conduct

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  • #29388
    Helmholtz Watson
    Participant

    President Biden asked the Federal Trade Commission on Wednesday to consider whether “illegal conduct” by large oil and gas companies is pushing up gas
    [See the full post at: President Biden ‘Blame Game’ Targets US Oil Companies for Illegal Conduct]

    #29390
    Truman
    Participant

    Reuters:

    No decision on US SPR release has been made yet
    If there is a release it could take the form of sale and/or loan from reserves
    Release of reserves would need to more than 20 to 30m barrels ‘to get message to OPEC’ says the source

    #29391
    Truman
    Participant

    Reuters

    US asked India, South Korea to consider oil reserve release
    US did not ask European countries to release oil from reserves
    US officials asked large oil-consuming countries to release oil after pleas to OPEC to supply more failed

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