Energy Secretary Jennifer Granholm said on ABC’s “The View” Thursday that “we’re going to do everything we can” to address rising gas prices, and the Strategic Petroleum Reserve is a tool to do that. He said that it would be released from. They are asking gas companies to lower prices and increase supply.
asked co-host Alyssa Farrar Griffin.[G]As for the price, you can see that it’s trending up a little, but it’s going down a lot, and it’s going up a little bit. Former White House chief of staff Ron Klain had encouraged the president to focus on spending money with voters. What is the government doing to bring these prices down? Should we be concerned that conflict in the Middle East is a contributing factor?”
Mr. Granholm replied: “Yeah, you should. Thank you for bringing that up. Of course, people may not realize it, but oil is where we get gas, and it’s made on the global market. So, If there is a conflict in the Strait of Hormuz that cuts off the flow of oil, it will affect how much we pay at the pump.If Russia invades Ukraine, it will affect how much we pay at the pump. We’re serious about this, and when Ukraine invaded, when Russia invaded Ukraine, we had a great tool, the Strategic Oil Reserve, and the president was able to release oil and encourage allies around the world to do so. Convinced. It was also to supply the market more, because the president is watching this. He’s into it, so we’re doing it as best we can. I’m going to do that.
Co-host Sunny Hostin asked, “Shouldn’t gas companies be better corporate citizens and lower prices and stop ripping off the American people?”
Granholm responded, “Well, this is — I know the president really wants this, and he’s asking for more supply.”
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