{"id":119787,"date":"2021-08-12T16:35:02","date_gmt":"2021-08-12T16:35:02","guid":{"rendered":"https:\/\/fin2me.com\/?p=119787"},"modified":"2021-08-12T16:35:02","modified_gmt":"2021-08-12T16:35:02","slug":"abbott-rips-white-house-says-texas-can-help-with-oil-production-if-biden-admin-will-stay-out-of-the-way","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/abbott-rips-white-house-says-texas-can-help-with-oil-production-if-biden-admin-will-stay-out-of-the-way\/","title":{"rendered":"Abbott rips White House, says Texas can help with oil production if Biden admin will 'stay out of the way'"},"content":{"rendered":"
<\/p>\n
United Refining Company Chairman and CEO John Catsimatidis tells ‘Fox & Friends’ that the president’s green executive orders are concerning for the entire U.S. oil industry and economy.<\/p>\n
Texas<\/u> Gov. Greg Abbott<\/u>, a Republican, ripped the White <\/u>House<\/u> on Wednesday, saying Texas can help reduce the price of gasoline by producing more oil if the Biden <\/u>administration<\/u> will “just stay out of the way.”<\/p>\n
Abbott posted a short open letter to the White House on Twitter Wednesday, touting that Texas could help bring down the price of gas by producing oil domestically.<\/p>\n
“Texas can do this,” Abbott wrote. “Our producers can easily produce that oil if your Administration will just stay out of the way.”<\/p>\n
The Texas governor called on the Biden administration to allow “American workers \u2014 not OPEC \u2014 [to] produce the oil that can reduce the price of gasoline.”<\/p>\n
“Don\u2019t make us dependent on foreign sources of energy,” Abbott added.<\/p>\n
Abbott\u2019s tweet came in response to national security adviser Jake Sullivan’s recent statement calling on the Organization of the Petroleum Exporting Countries (OPEC) to increase its oil output.<\/p>\n
“While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022,” Sullivan said. “At a critical moment in the global recovery, this is simply not enough.”<\/p>\n
“We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices,” the national security adviser continued. “Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery.”<\/p>\n
Currently, there is no federal pause on domestic drilling, but some of President Biden\u2019s first acts in power drastically slashed<\/u> U.S. control over oil prices, such as issuing a moratorium on new drilling leases and canceling the Keystone XL Pipeline.<\/p>\n
The White House did not provide Fox News with a comment.<\/p>\n