Biden's green energy push amid OPEC production cuts and price surge.

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Source: Fox News
Biden's green energy push amid OPEC production cuts and price surge.
Photo: Fox News
TL;DR Summary

President Biden reaffirmed his commitment to clean energy adoption as OPEC announced massive oil production cuts, causing global oil prices to surge over 6% past $80 per barrel. The White House issued a joint statement with the European Union, emphasizing the importance of clean energy for enhancing energy security. The statement also discussed solutions for reducing gas and electricity use and costs through flexible demand response mechanisms. The OPEC announcement came months after the cartel said it would cut production by 2 million barrels a day, and the White House expressed disappointment at the time.

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