As Biden Searches for Solution to Climbing Oil Prices that He Helped Create, Grassley Presses Admin to hold OPEC Accountable - News Summed Up

As Biden Searches for Solution to Climbing Oil Prices that He Helped Create, Grassley Presses Admin to hold OPEC Accountable


Now that Biden is president, Grassley is calling on him to take the action that he implored Clinton to take by backing NOPEC. NOPEC would provide the Department of Justice with an effective tool to ensure U.S. consumers are no longer beholden to artificially inflated gas prices,” Grassley wrote. Oil prices have doubled since the election last November, with oil trading above $80 per barrel this year for the first time since 2014. Oil prices have doubled since the election last November, with oil trading above $80 per barrel this year for the first time since 2014. [4]On the other hand, when oil prices were high in 2000, you pressed President Clinton to take action against OPEC.


Source: Wall Street Journal November 25, 2021 01:28 UTC



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