President Joe Biden is escalating his battle against sky-high gasoline prices, opening the taps on the nation’s reserves and cajoling reluctant oil companies to speed up drilling as the White House rolls out a raft of plans to ease the pain at the pump.
The question is whether any of it will work.
...
Rachel Ziemba, senior fellow at the Center for New American Security, a think tank focused on national security issues, said Biden and Congressional Democrats are desperately trying anything that can lower prices in the short term until a long-term fix is in.
“This is an attempt to buy time, change the narrative,” Ziemba said of the oil release. “It’s a difficult balancing act. There’s not a lot of great options.”
Read the full story and more from POLITICO.
Author
-
Rachel Ziemba
Adjunct Senior Fellow, Energy, Economics, & Security Program
Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...
