The American Petroleum Institute’s (API) president and CEO tells Fox News that Biden administration policies are a key factor in surging energy prices, and he expressed concern for consumers heading into winter months.
“Certainly one of the key factors is that the Biden administration has made an effort to reduce production in the United States,” Mike Sommers told Fox News in an interview.
API is a national trade association representing America’s oil and natural gas industry.
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Energy prices jumped 4.8% last month and were up 30% over the past year, according to the consumer price index. The API president explained that cutting off the economy, leasing and permitting on federal lands, and access to the Arctic National Wildlife Refuge in us-regions, have been consequential for the price of energy” target=”_blank”>energy<
Sommers also worried about America’s future dependence on other countries.
“We have been able to limit the amount of dependence that we’ve had on foreign countries for our oil and gas over the course of the last decade.” Sommers said he believes Biden has started to reverse that trend and “we need to continue development in the United States, rather than being dependent on other countries for American energy.”
