China News Service, June 17 (Xinhua) Comprehensive report. Recently, US President Biden attacked oil companies in a letter, accusing them of exorbitant profit margins, while ordinary people are suffering.
In response, the two oil majors responded that the Biden administration should take more measures to solve the problem of high oil prices.
On March 6, local time, the vehicle passed a gas station in San Mateo County, California.
Photo by China News Agency reporter Liu Guanguan
In the letter, Biden called on oil companies to work with the government to address rising oil prices affected by the conflict between Russia and Ukraine.
In a statement to Biden, Chevron said, "We understand and are very concerned about the high oil prices that consumers across the United States and the world are currently facing. We share the same concerns and expect the administration's energy policy to be better. solve these problems."
The company said that since Biden took office, some of the administration's policies have been against the oil industry's ability to provide the energy the world needs.
Exxon Mobil Corporation of the United States provides short-term and long-term solutions to the problem of high oil prices.
In short-term measures, some policy constraints can be eased to increase supply, the company said.
Long-term policies include "simplifying the (government) regulatory approval process and supporting infrastructure such as pipelines."
The National Broadcasting Company (NBC) commented that Biden’s relationship with big oil companies has been in jeopardy.
The report pointed out that in response to rising oil prices, Biden released an unprecedented amount of oil from the Strategic Petroleum Reserve.
The Russia-Ukraine conflict has put further pressure on global energy supplies, exacerbating U.S. struggles with inflation and fuel prices.