American Petroleum Institute President and CEO Mike Sommers calls for a new five-year oil plan from Joe Biden and exploration of Gulf of Mexico drilling opportunities. #FOXBusiness
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46 Comments
This president has no clue what they are going to do.
Doesn't anyone remember when oil was $140/ barrel?
That’s because the President and at lot of both sides stop us getting our own oil with signing bills.
Brought to you by democrats every crisis is manufactured by progressives policy
To bad Biden shut down the Keystone, we got lots of oil up here in Canada, to bad cause once the Trans Mountain pipeline is built a lot of it is headed to Asia.
I thought Gaysome was going to investigate the oil companies.
Oil futures are not determined by a individual country, it is the markets…a few facts might help: OPEC produces about 40% of the world’s crude oil and its members’ exports make up around 60% of global petroleum trade, OPEC was formed in 1960 and its 13 current member states hold more than 80% of the world’s proven oil reserves. I suppose if we nationalized oil we could be fine but that would be socialism…get educated, it helps!
Primary supplier of cobalt is Congo, not China.
We Americans should go to a three day work week 10 hr shifts save fuel and pollution and our roads
Oil company jobs used to pay good.
It's a forced move to make America citizens buy electric vehicles so they can profit through the stocks that they have bought in the electric vehicle industry
Check and see who is buying major stock in the electric vehicle industry
The crisis started on Bidens first day in the white house and you know the rest of the story !
Gee? Everyone should move to china.
Which is done on purpose by this administration!!!
Boy we have been in a recession for awhile, anyone who says anything different is part of this corrupt government establishment!!!
You're wrong about what Biden did in Alaska, you don't either know the truth, or lying!!!
Summer us coming. Gasoline always rises come summer….. Cancel another pipeline sleepy joe.m sarcasm btw
We need the Democrats out of office at every level
Our problem is that we have a current administration that has no interest in the safety, security or welfare of our country. We have a bunch of traitors in our Whitehouse and they have proven themselves that the American people don't matter to them and the security of our country is not a tiny bit of their concern. It is incredible how they have been allowed to run our country into the ground… TRAITORS
You can really tell a lot about the intelligence level of a country's people just by the leaders that they vote for huh let the sheep pay now !
and why aren't we getting oil from tx, ca etc??
It would be great if we could get rid of the leftist cities. We would be free and prosperous.
It's a complete demolition of our economy
Do we have to go through this
Just to prove what we’ve been saying all along..???
Now that Biden is in charge and has been anti-US drilling, every time I fill up my car I feel like I'm funding terrorists.
Let's start having a real conversation about how electric cars really suck. The technology is not up to speed, we need charging time less than two minutes, or maybe some kind of a battery swap system. No one has time to sit around waiting for their batteries to charge in this high pace environment where people don't even have time to sleep. Give me a car that charges in two minutes and will run for 200 miles and I'll give up my gasoline car.
"COMING RECESSION"—< LOL..<.GOOD ONE!
Refineries haven’t been built for decades. In the meantime three million more illegals use oil and other resources as well
I really don't understand this crazy administration as well as those who still supporting this crazy white house !
I really don't get it !
I pray these crazy people one day open their eyes !
🙏🙏🙏
Why hasn't the destructive actions of Joe Biden warranted a viable reason to call for his impeachment? There have been people in America's past who have been prosecuted for less crimes against our country and labeled as traitors. Yet Biden is allowed to remain president despite his horrible destructive policies that have hurt America's oil industry, created instability around the world, destroyed relationships, caused mass inflation and impacted the quality of life for millions of American's. If that isn't the definition of treason, by God I don't what is!
Leaders of the world are idiots. No reason for an oil shortage
If you had nothing good to say why say anyting at all! Everything is a lie on TV! Just to screw the little people!
Biden has gave a lot of our reserves to other countries, treason lies and theft , Biden has gave away so much money to other countries when we dont have it treason lies and theft Biden has opened our borders to drugs crime and give money and other things away treason lies and theft . Biden is a walking talking traitor and needs to be held accountable and thrown in prison but we have a government who dont care about nothing but becoming rich themselves and making Americans poor
Oil prices will stop climbing if you get rid of biden
This pisses me off. We’re not moving to electrical vehicles fast enough 😠
We're in an oil crises bc Biden is an idiot. Shuttng down our rigs and giving a million barrels a day from reserves was bound to catch up. This is all a planned recession.
Russia, China, Iran, Afghanistan, Mexico, and the Cartels are making moves on the U.S. right now and this Admin. continues to do nothing but blame Trump
FJB
Not for us, Texans😉😉😉🫡🫡 stay safe out there😊
Biden: resistance is futile"!
Definitely let's go Brandon you PC of 💩
Every year we have an oil crisis.
FOR ALL YOU WHO VOTED BIDEN!…are ya happy with the wonder performances and accomplishments he has made……NOT
Another manufactured crisis to screw us
Insanity rules in America, the people are fools