![]() already recovering after demand was hit during the pandemic. might not need to look further than home for a boost to oil supplies with production in the U.S. Now that things are back up, the production should be meeting that, there has been rigs that have been added but not fully," she added. "During Covid, it was down - they backed off because demand was not there because people were staying home, we know that. "I don't know why at $80 a barrel those incentives are not there," she said. had abated over the last couple of years, even prior to the Covid pandemic, due to a lack of investment incentives. It was also put to Granholm that domestic oil production in the U.S. ![]() Energy Secretary Jennifer Granholm repeated those words to CNBC earlier this month, saying that oil-producing nations needed to increase supply "at this moment so that people will not be hurt during the winter months." The White House said that the oil producing group's July agreement to boost production by 400,000 barrels per day on a monthly basis beginning in August and stretching into 2022 is "simply not enough" during a "critical moment in the global recovery." ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |