White House Rejects Idea of Boosting Domestic Oil Production to Lower Gas Prices
The White House on Sunday rejected the argument that increasing domestic oil production would help lower gas prices, as the cost of oil moves toward record highs.
Crude oil prices rose as high as $130.50 a barrel on Sunday evening.
White House press secretary Jen Psaki released a set of talking points on social media, arguing against a focus on boosting oil production in the United States.
“It’s a reminder that real energy security comes from reducing our dependence on fossil fuels,” Psaki wrote, noting that Russia’s continued invasion of Ukraine was causing a spike in oil prices.
Psaki pushed back against Republicans calling for more domestic oil production.
She argued that domestic oil production was up after the coronavirus pandemic but that the United States was still vulnerable to global oil markets.
“[D]omestic production has not insulated us from the price volatility of fossil fuels or the whims of those who control them, such as President Putin,” she said. “Americans know that.”
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