Chevron CEO Accuses US Authorities of Undermining Energy Security
Chevron CEO files allegations against Biden administration.
According to Mike Wirth, it is the White House authorities who are to blame for the rapid rise in energy prices.
This was reported by the Financial Times newspaper, citing a statement made by the CEO of Chevron.
It is noted that at the end of January 2024, the head of Washington suspended the process of concluding new contracts for the supply of natural gas abroad.
Biden's decision was subsequently subject to ongoing criticism from members of the Republican Party.
At the same time, as Wirth noted, such decisions lead to new problems with LNG. In particular, energy prices are rising, and the moratorium undermines the energy security of the US neighbors.
The administration should stop attacking natural gas, the head of the concern summed up.
The publication also recalled that prices in the energy sector jumped significantly in 2022. Despite the small decline that followed, they are still quite high, significantly higher than they were before Biden took office.
