- US oil industry trade groups lashed out at the White House after OPEC cutbacks
- With gas already painfully high, OPEC is slashing output by 2M barrels per day
- ‘Life comes at you pretty fast,’ tweeted the US Oil and Gas Association
- US producers say the Biden administration has smothered domestic production
- Now they say the White House has no choice but to boost output in the US
The US fossil fuel industry had harsh words for President Joe Biden after OPEC announced dramatic production cuts, saying that the administration now has no choice but to encourage more domestic output.
‘The White House has one option left and it is the one option they should have never turned away from in the first place – the US-based oil and gas industry,’ tweeted the US Oil and Gas Association on Wednesday.
‘Life comes at you pretty fast….’ the trade group added in a mocking jibe, following OPEC’s announcement that it will slash oil production by about 2 million barrels per day, constraining supply at a time when gas prices are already painfully high.
US oil producers, who accuse the Biden administration of smothering domestic production with overbearing regulations, responded to the OPEC move by arguing that America must dramatically boost its own output.