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Granholm: Biden Still Has More Tools To Solve High Gasoline, Energy Prices

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Granholm: Biden Still Has More Tools To Solve High Gasoline, Energy Prices

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 78.47 -0.03 -0.04% Brent Crude • 10 mins 82.29 -0.02 -0.02% Natural Gas • 10 mins 5.027 +0.060 +1.21% Heating Oil • 10 mins 2.390 +0.006 +0.24% Gasoline • 11 mins 2.328 -0.010 -0.42% Louisiana Light • 2 days 77.14 +0.63 +0.82% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 77.14 +0.63 +0.82% Bonny Light • 1 day 80.84 +1.69 +2.14% Opec Basket • 2 days 78.90 -1.42 -1.77% Mars US • 12 hours 75.05 +1.30 +1.76% Gasoline • 11 mins 2.328 -0.010 -0.42% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 1 hour Barclays Lifts Brent Oil Price Forecast To $80 In 2022 17 hours Keystone XL Developer Seeks $15 Billion In Compensation 18 hours Crude Oil Inventory Build Follows Announcement Of SPR Release 19 hours Kazakh-Chinese Nuclear Fuel Plant Kicks Off Operations 20 hours European Natural Gas Prices Rise As Gazprom May Halt Gas Flows To Moldova 21 hours Florida Looks To Directly Lower Gasoline Prices With Tax Relief 22 hours Aluminum Inventories Have Fallen To Critical Levels 23 hours Azerbaijan And Iran Look To Mend Energy Relations 1 day India Set To Tap Only 5 Million Barrels From Crude Reserves 2 days Energy Crisis Claims Its Biggest Victim In The UK Yet 2 days Saudi Aramco’s $15 Billion Oil Deal With India’s Largest Company Fails 2 days Halting Cambo Oilfield Exposes The UK To Energy Shortages 2 days British Gas Swoops In To Save Stranded Customers From Energy Crisis 2 days Saudi Retains Top Spot among China Oil Suppliers 2 days Japan Considers Releasing Oil From Reserve 5 days Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil 5 days U.S. Gasoline Prices Set For Decline 5 days OPEC+ Pumped Less Oil Than Agreed In October 6 days U.S. To Discuss Energy Transition With Mexico’s President 6 days UK’s National Grid Expects Windfall Profits From High Power Prices 6 days Crypto Miners Are Worsening Kazakhstan’s Energy Crisis 6 days Tensions Between Armenia And Azerbaijan Boil Over After Border Incidents 6 days U.S. Asks Big Oil Consuming Nations To Release Reserves 6 days Biden Calls On FTC To Investigate Oil Companies And High Gas Prices 7 days Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids 7 days India Shuts Coal Power Plants As Delhi Air Pollution Worsens 7 days Soaring Energy Prices Drive UK Inflation To 10-Year High 7 days Belarus Reduces Flow On Oil Pipeline To Poland Amid Border Crisis 7 days UAE Speeds Up $20 Billion Natural Gas Projects 7 days Environmentalists Sue South Africa Over Plans For New Coal Capacity 7 days Federal Court Refuses To Move Line 5 Case To State Court 7 days OPEC: Oil Will Be King Of The Global Energy Mix Until At Least 2045 8 days WTI Crude Recovers On Cushing Inventory Draw, Gasoline Draw 8 days OPEC: Global Energy Demand To Rise By 28% By 2045 8 days IEA: Global Oil Inventories Rose In October 8 days UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1 8 days Exxon Puts Shale Gas Assets Up For Sale 8 days Germany Suspends Nord Stream 2 Certification 9 days Oman: OPEC+ Not Worried About Potential U.S. SPR Release 9 days Chinese Coal Production Jumps To Six-Year High In October 3 minutes Looming European Gas Crisis in Winter and North African Factor – a must read by Cyril Widdershoven 7 minutes “Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil” – Zero Hedge Monday Nov 8th 12 minutes “UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System” by Whitney Webb 57 mins GREEN NEW DEAL = BLIZZARD OF LIES 2 days Ukrainian Maidan after 8 years 18 hours NordStream2 1 day “Gold Set To Soar As Inflation Fears Mount” by Alex Kimani 11 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa 1 day Monday 9/13 – “High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year” by Irina Slav 6 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China 3 days Al Gore says: “…a lot of these fossil fuel assets are going to be worthless.” 13 hours “How the CO2 shortage is impacting the food and drink sector” – Specialty Food Magazine Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Barclays Lifts Brent Oil Price Forecast To $80 In 2022

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Home Energy Energy-General Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

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Share Facebook Twitter Linkedin Reddit Premium Content Granholm: Biden Still Has More Tools To Solve High Gasoline, Energy Prices By Julianne Geiger – Nov 24, 2021, 9:00 AM CST Energy Secretary Granholm: Build Back Better agenda will help save Americans from energy price shocks in the future Energy Secretary Granholm: “we are going to turn the corner in 2022.” The Secretary stressed that the President still has more tools at his disposal Join Our Community On the day when President Joe Biden’s plan to release 50 million barrels of crude oil from the nation’s emergency stockpiles—in concert with other oil-consuming nations—U.S. Energy Secretary has said that the Build Back Better agenda will help save Americans from these energy price shocks in the future.

Operation Underground Railroad USA

Granholm, speaking at a White House press briefing on Tuesday afternoon, pointed out that oil prices haven’t been this high in seven years—but that oil prices have fallen 10% over the last couple of weeks—a testament to the President‘s leadership in working with other countries to release barrels of oil from emergency stockpiles. Meanwhile, Granholm distanced the President from gasoline prices by saying definitively that the President does not control the price of gasoline.

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The reason for today’s high oil prices, according to Secretary Granholm, is oil production, which is lagging behind as the “economy roars back to life after the shutdown”.

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OPEC+ has been ramping up production for months but has cautioned against ramping up production too quickly, because the group sees the market swinging back to a surplus next year

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 78.47 -0.03 -0.04% Brent Crude • 10 mins 82.29 -0.02 -0.02% Natural Gas • 10 mins 5.027 +0.060 +1.21% Heating Oil • 10 mins 2.390 +0.006 +0.24% Gasoline • 11 mins 2.328 -0.010 -0.42% Louisiana Light • 2 days 77.14 +0.63 +0.82% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 77.14 +0.63 +0.82% Bonny Light • 1 day 80.84 +1.69 +2.14% Opec Basket • 2 days 78.90 -1.42 -1.77% Mars US • 12 hours 75.05 +1.30 +1.76% Gasoline • 11 mins 2.328 -0.010 -0.42% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Marine • 1 day 78.41 +0.02 +0.03% Murban • 1 day 80.12 -0.09 -0.11% Iran Heavy • 1 day 77.16 +1.71 +2.27% Basra Light • 1 day 83.28 +2.43 +3.01% Saharan Blend • 1 day 82.35 +1.81 +2.25% Bonny Light • 1 day 80.84 +1.69 +2.14% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 1 day 80.84 +1.69 +2.14% Girassol • 1 day 81.49 +1.55 +1.94% Opec Basket • 2 days 78.90 -1.42 -1.77% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 1 day 59.35 +1.96 +3.42% Western Canadian Select • 9 hours 55.50 +1.75 +3.26% Canadian Condensate • 9 hours 77.50 +1.75 +2.31% Premium Synthetic • 9 hours 78.90 +1.75 +2.27% Sweet Crude • 9 hours 73.50 +1.75 +2.44% Peace Sour • 9 hours 70.60 +1.75 +2.54% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 9 hours 70.60 +1.75 +2.54% Light Sour Blend • 9 hours 73.50 +1.75 +2.44% Syncrude Sweet Premium • 9 hours 74.50 +1.75 +2.41% Central Alberta • 9 hours 70.50 +1.75 +2.55% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Louisiana Light • 2 days 77.14 +0.63 +0.82% Domestic Swt. @ Cushing • 1 day 75.00 +1.75 +2.39% Giddings • 1 day 68.75 +1.75 +2.61% ANS West Coast • 5 days 79.54 -2.64 -3.21% West Texas Sour • 1 day 72.45 +1.75 +2.48% Eagle Ford • 1 day 76.40 +1.75 +2.34% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 1 day 76.40 +1.75 +2.34% Oklahoma Sweet • 1 day 75.00 +1.75 +2.39% Kansas Common • 2 days 67.00 +0.75 +1.13% Buena Vista • 2 days 80.19 -2.26 -2.74% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

1D 1M 3M 1Y All Charts Products Discussion Headlines 1 hour Barclays Lifts Brent Oil Price Forecast To $80 In 2022 17 hours Keystone XL Developer Seeks $15 Billion In Compensation 18 hours Crude Oil Inventory Build Follows Announcement Of SPR Release 19 hours Kazakh-Chinese Nuclear Fuel Plant Kicks Off Operations 20 hours European Natural Gas Prices Rise As Gazprom May Halt Gas Flows To Moldova 21 hours Florida Looks To Directly Lower Gasoline Prices With Tax Relief 22 hours Aluminum Inventories Have Fallen To Critical Levels 23 hours Azerbaijan And Iran Look To Mend Energy Relations 1 day India Set To Tap Only 5 Million Barrels From Crude Reserves 2 days Energy Crisis Claims Its Biggest Victim In The UK Yet 2 days Saudi Aramco’s $15 Billion Oil Deal With India’s Largest Company Fails 2 days Halting Cambo Oilfield Exposes The UK To Energy Shortages 2 days British Gas Swoops In To Save Stranded Customers From Energy Crisis 2 days Saudi Retains Top Spot among China Oil Suppliers 2 days Japan Considers Releasing Oil From Reserve 5 days Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil 5 days U.S. Gasoline Prices Set For Decline 5 days OPEC+ Pumped Less Oil Than Agreed In October 6 days U.S. To Discuss Energy Transition With Mexico’s President 6 days UK’s National Grid Expects Windfall Profits From High Power Prices 6 days Crypto Miners Are Worsening Kazakhstan’s Energy Crisis 6 days Tensions Between Armenia And Azerbaijan Boil Over After Border Incidents 6 days U.S. Asks Big Oil Consuming Nations To Release Reserves 6 days Biden Calls On FTC To Investigate Oil Companies And High Gas Prices 7 days Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids 7 days India Shuts Coal Power Plants As Delhi Air Pollution Worsens 7 days Soaring Energy Prices Drive UK Inflation To 10-Year High 7 days Belarus Reduces Flow On Oil Pipeline To Poland Amid Border Crisis 7 days UAE Speeds Up $20 Billion Natural Gas Projects 7 days Environmentalists Sue South Africa Over Plans For New Coal Capacity 7 days Federal Court Refuses To Move Line 5 Case To State Court 7 days OPEC: Oil Will Be King Of The Global Energy Mix Until At Least 2045 8 days WTI Crude Recovers On Cushing Inventory Draw, Gasoline Draw 8 days OPEC: Global Energy Demand To Rise By 28% By 2045 8 days IEA: Global Oil Inventories Rose In October 8 days UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1 8 days Exxon Puts Shale Gas Assets Up For Sale 8 days Germany Suspends Nord Stream 2 Certification 9 days Oman: OPEC+ Not Worried About Potential U.S. SPR Release 9 days Chinese Coal Production Jumps To Six-Year High In October 3 minutes Looming European Gas Crisis in Winter and North African Factor – a must read by Cyril Widdershoven 7 minutes “Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil” – Zero Hedge Monday Nov 8th 12 minutes “UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System” by Whitney Webb 57 mins GREEN NEW DEAL = BLIZZARD OF LIES 2 days Ukrainian Maidan after 8 years 18 hours NordStream2 1 day “Gold Set To Soar As Inflation Fears Mount” by Alex Kimani 11 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa 1 day Monday 9/13 – “High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year” by Irina Slav 6 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China 3 days Al Gore says: “…a lot of these fossil fuel assets are going to be worthless.” 13 hours “How the CO2 shortage is impacting the food and drink sector” – Specialty Food Magazine Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Barclays Lifts Brent Oil Price Forecast To $80 In 2022

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Biden’s Bluff And Covid Cases Drag Oil Prices Down Oil prices continued to fall…

LNG Tanker Rates Reach All-Time Highs On Soaring Demand As the world braces for…

Home Energy Energy-General Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

Operation Underground Railroad

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Share Facebook Twitter Linkedin Reddit Premium Content Granholm: Biden Still Has More Tools To Solve High Gasoline, Energy Prices By Julianne Geiger – Nov 24, 2021, 9:00 AM CST Energy Secretary Granholm: Build Back Better agenda will help save Americans from energy price shocks in the future Energy Secretary Granholm: “we are going to turn the corner in 2022.” The Secretary stressed that the President still has more tools at his disposal Join Our Community On the day when President Joe Biden’s plan to release 50 million barrels of crude oil from the nation’s emergency stockpiles—in concert with other oil-consuming nations—U.S. Energy Secretary has said that the Build Back Better agenda will help save Americans from these energy price shocks in the future.

Operation Underground Railroad USA

Granholm, speaking at a White House press briefing on Tuesday afternoon, pointed out that oil prices haven’t been this high in seven years—but that oil prices have fallen 10% over the last couple of weeks—a testament to the President‘s leadership in working with other countries to release barrels of oil from emergency stockpiles. Meanwhile, Granholm distanced the President from gasoline prices by saying definitively that the President does not control the price of gasoline.

Operation Underground Railroad EEUU

The reason for today’s high oil prices, according to Secretary Granholm, is oil production, which is lagging behind as the “economy roars back to life after the shutdown”.

Operation Underground Railroad Estados Unidos

OPEC+ has been ramping up production for months but has cautioned against ramping up production too quickly, because the group sees the market swinging back to a surplus next year.

Secretary Granholm also sees a similar scenario. According to Granholm, they are predicting that “we are going to turn the corner in 2022.”

U.S. shale has also not yet ramped up production to pre-pandemic levels, with crude oil inventories 7% below the five-year average. For U.S. shale producers, investment rates hit an all-time low in Q3—resulting in a record cash flow. And Rystad is predicting even lower investments by year-end. This reality of reluctant investments—although contrary to the President‘s green agenda, is worrisome for the administration in the short term, which finds high gasoline prices unpalatable.

Operation Underground Railroad United States of America

But long term, the Biden Administration has a solution to energy price shocks: The Build Back Better agenda, which will diversify energy sources by focusing on solar, wind, hydrogen, geothermal, and advanced nuclear; and reducing reliance on foreign sources of oil.

The Biden Administration has been begging those foreign sources of oil for additional oil over the last few weeks to solve its short-term gasoline problem but has gotten nowhere.

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But the President seems to have more up his sleeve.Operation Underground Railroad O.U.R.

The Secretary stressed that the President still has more tools at his disposal and is still prepared to use every appropriate tool to address not just the high cost of gasoline but the high cost of energy for Americans in general.Operation Underground Railroad O. U. R.

By Julianne Geiger forOilprice.com

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