Biden, Chevron Chief Trade Sharp Words Over Gas Prices

Chevron CEO Michael Wirth wrote to President Biden, urging him to stop blaming oil companies for high gas prices and suggesting a change in approach. Biden responded by emphasizing the need for more refining capacity and dismissed claims of insufficient oil for drilling. He also mentioned the possibility of increasing refining capacity while transitioning to renewable energy. Wirth's letter highlighted the need for clarity from the federal government on drilling and infrastructure. The White House plans to meet with Chevron and other oil companies to discuss boosting production.

What did Chevron CEO Michael Wirth request from President Biden in his letter?

• To increase oil production

• To stop blaming oil companies for high gas prices

• To invest in renewable energy

• To reduce taxes on oil companies

What was President Biden's response to the claims about oil drilling resources?

• He stated that the claims were false

• He promised to investigate the claims

• He ignored the claims

• He agreed with the claims

What does President Biden believe is necessary for the oil industry?

• Increased oil imports

• Less environmental regulation

• More government subsidies

• More refining capacity

What did Wirth say oil companies need from the federal government?

• Less regulation

• Clearer guidelines on drilling and infrastructure

• Tax incentives

• More subsidies

What is the White House planning to do with Chevron and other oil companies?

• Impose new regulations

• Meet to discuss boosting production

• Offer financial aid

• Cancel existing contracts