Biden, Chevron Chief Trade Sharp Words Over Gas Prices

Biden, Chevron Chief Trade Sharp Words Over Gas Prices

Assessment

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Business, Architecture, Engineering

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Chevron CEO Michael Wirth request from President Biden regarding gas prices?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did President Biden respond to the criticism from Chevron's CEO?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is President Biden's stance on oil companies increasing refining capacity?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does Wirth say is needed from the federal government for oil companies?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What meeting is scheduled this week involving the White House and oil companies?

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