‘Putin’s price hike’ and oil company inaction are driving costs higher, WH economist says

‘Putin’s price hike’ and oil company inaction are driving costs higher, WH economist says

As oil prices continue to spike, the White House and the oil industry have been engaged in tit-for-tat all week about whether more can be done to ramp up domestic energy supplies.

The industry and many of its largely Republican allies in Washington have criticized the White House over what they say are onerous regulations, a slow permitting process, and President Biden’s revocation of the Keystone XL pipeline permit.

In response, the White House said that the pipeline would still be under…


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