According to US President Joe Biden, his nation would expand investments in oil exploration as a result of the urgent need to enhance oil production.
“We have a strategy in place for replenishing the strategic reserve after its withdrawal. We will purchase oil from other countries.
For political purposes, Biden refuted claims that the clouds were caused by the oil strategic reserve, saying, “I gave orders for Americans to try to lower fuel prices.
“The US President outlined three measures to address his nation’s high gas costs.
According to Laiden, “the oil firms have obtained profits not seen in 17 years, and 70 dollars for the oil barrel, an appropriate price.”
The US President called on the Congress to pass the legislation of conversion to clean energy, and announced that $ 96 billion in the field of clean energy, noting that the search for clean alternatives to energy needs a long time..
Biden: We’ll invest more in oil exploration, and $70 a barrel is a reasonable price.
About Author
