Instead, he's sought to reduce prices by releasing oil from the U.S. reserve, shaming oil companies for their profits and calling on greater production from countries in OPEC+ that have different geopolitical interests, said Frank Macchiarola, senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute.
Biden to release 15M barrels from oil reserve, more possible
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Frank Macchiarola of the American Petroleum Institute said policymakers have been incorrectly focused on “short-term fixes in lieu of long-term solutions.”
Biden's gasoline plan calls on everyone outside of the White House to do their part
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