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Biden's energy policies making inflation worse, top energy group says
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The head of the nation's top oil lobby group blamed President Biden's energy policies Thursday for surging multi-decade high inflation.
American Petroleum Institute (API) CEO Mike Sommers ripped the White House energy strategy, accusing it of sending mixed signals to domestic industry.
Sommers — who made the comments during a media briefing ahead of Biden's trip to Saudi Arabia where the president is expected to ask Middle Eastern energy producers to pump more oil — urged the president to incentivize greater domestic oil and gas production rather than beg foreign leaders for those same resources.
"This administration's misguided policy agenda — shifting away from domestic oil and natural gas — has compounded inflationary pressures and added headwinds to companies' daily efforts to meet growing energy needs while reducing emissions," Sommers told reporters Thursday.
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"The truth of the matter is oil and natural gas will be needed for decades to come and the real question is where consumers will turn to meet rising energy demand," he continued. "American producers are poised to meet the moment, but we need a comprehensive energy policy that lays the foundation for long-term growth."