President Joe Biden’s administration is looking into changes to the nation’s energy policy that would bring down the price of gas for Americans.
Energy Secretary Jennifer Granholm told CNN Sunday that options on the table include tapping into the Strategic Petroleum Reserve.
“That's one of the tools that he has," Granholm said.
"And he's certainly looking at that.”
Currently, gas prices are the highest they’ve been in seven years.
Granholm said Biden has also asked OPEC to increase oil production, but the group so far has declined to heed that call.
“The president is all over this. Of course, every president is frustrated because they can't control the price of gasoline, because it's a global market,” she said. “You can call upon increased supply, which he has done.
And OPEC is, unfortunately, controlling the agenda with respect to oil prices.
OPEC is a cartel and it controls over 50 percent of the supply of gasoline.”
Granholm also pointed out the supply chain challenges that are affecting nearly every aspect of consumption, but she said even without that hurdle, the rising price of fuel only further highlights the need to move towards renewable energy.
“Let us get off of the volatility associated with fossil fuels and associated with others who don't have our country's interests at heart and invest in moving to clean energy, where we will not have this problem. And that's so much of what these two bills are focused on,” she said.
Related
