White House Adviser Says There’s An ‘Energy Crisis,’ Doubles Down On Calls For Boosted Foreign Oil, Gas Production
“We see this as an energy crisis because this is not just natural gas prices that have been elevated, but crude oil is at very high levels at the moment … and gasoline prices in the United States today are at seven-year highs as natural gas peaks at the same time,” White House energy adviser Amos Hochstein
remarked during a virtual event hosted by the International Energy Forum on Thursday. “So I think this is an energy crisis.”
Hochstein, who
served as an energy adviser in the State Department during the Obama administration, added that foreign energy producers were responsible for balancing the oil and gas markets. He also hinted President Joe Biden would address the issue during upcoming international summits in Rome and Glasgow, Scotland.
“Some of the solutions that I think you’ll hear the president talk about are similar in both the oil and gas and that is that producers have a responsibility to ensure that oil markets and gas markets are balanced,” Hochstein said on Thursday.