Biden Warns Oil, Gas Firms Against Price Gouging

The video discusses the impact of Putin's war on American gas prices, highlighting a $0.75 increase since the military buildup. To mitigate this, the U.S. and partners are releasing 60 million barrels of oil from reserves. The speaker warns against price gouging and profiteering, urging oil and gas companies to act responsibly. Firms withdrawing from Russia are commended for their ethical stance.

What has been the effect of Putin's military buildup on American gas prices?

• Gas prices have decreased by $0.50.

• Gas prices have remained stable.

• Gas prices have increased by $0.75.

• Gas prices have decreased by $0.75.

What action has the United States taken to address rising energy prices?

• Increased oil production by 60 million barrels.

• Stopped all oil imports.

• Increased taxes on oil companies.

• Released 60 million barrels of oil from reserves.

How much oil is the United States contributing to the joint oil reserve release?

• 15 million barrels

• 60 million barrels

• 45 million barrels

• 30 million barrels

What is the stance of the speaker on price gouging by oil companies?

• It is acceptable during crises.

• It is encouraged to stabilize the market.

• It is a necessary business practice.

• It is not tolerated and considered profiteering.

Which companies are acknowledged positively in the final section?

• Companies increasing prices.

• Companies pulling out of Russia.

• Companies reducing oil production.

• Companies exploiting the situation.