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The White House summons oil executives to Washington and say they are hoping for more than ‘just scolding’

The White House summons oil executives to Washington and say they are hoping for more than ‘just scolding’

As part of a range of actions this week on gas prices, the Biden administration has summoned the heads of seven top oil refining companies to Washington after a week of tense back-and-forth with industry leaders. The CEOs will meet with Energy Secretary Jennifer Granholm after the president blasted their high profits as “not acceptable” in a recent letter to the companies. In one response, Chevron (CVX) pushed back by saying that Washington’s approach was actually the culprit for high… Source link

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