U.S. President Joe Biden is calling on his administration and Congress to explore ways to boost U.S. energy production and reduce OPEC’s control over energy prices after the cartel’s “shortsighted” production cut, the White House said on Wednesday.
Biden will also continue to direct releases from the nation’s Strategic Petroleum Reserve “as necessary,” national security adviser Jake Sullivan and National Economic Council Director Brian Deese said in a statement.
“The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine,” the statement said.
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