Watch: Biden’s Energy Secretary Laughs When Asked if There Is a Plan to Bring Gas Prices Down
Energy Secretary Jennifer Granholm laughed when asked what her plan is to boost domestic oil production in a bid to bring gas prices down. During an interview on Friday, Bloomberg Radio host Tom Keene noted, “In…
Energy Secretary Jennifer Granholm laughed when asked what her plan is to boost domestic oil production in a bid to bring gas prices down.
During an interview on Friday, Bloomberg Radio host Tom Keene noted, “In Sturgis, Mich., it is $2.89 a gallon. I guess that’s better than in California.”
He asked, “What is the Granholm plan to increase oil production in America?”
Granholm laughed then said, “That is hilarious. Would that I had the magic wand on this.”
“As you know, of course, oil is a global market. It is controlled by a cartel. That cartel is called OPEC. And they made a decision yesterday that they were not going to increase beyond what they were already planning,” she added.
She continued, “So, you know, the interesting thing is, you know, the Department of Energy has an energy information agency. And that agency does the forecasting of what oil and gas prices are going to be. As of right now, their forecast for the beginning of December is that on average … gasoline prices will be about $3.05 at the beginning of December. They will do an adjustment forecast in the next week or so, so we’ll see if that holds.”
Still, Granholm said, “The Biden administration is very concerned about the price at the pump and certainly the price in people’s wallets for natural gas as well for this winter including, I would say, propane and heating oil, particularly, in the Northeast.”
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Sen. Ted Cruz (R-Texas) reacted to Granholm saying in a tweet, “Americans aren’t laughing when they go to fill up and see gas prices at the highest level since 2014.