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The potential emergency order that Biden is mulling would unlock broad executive powers to propel clean-energy construction, restrict oil drilling and curb fossil fuel use.
President Joe Biden has vowed to do everything in his power to fight record-setting gasoline and diesel prices, but he’s up against a stark reality:
US President Joe Biden has vowed to do everything in his power to fight record-setting petrol and diesel prices, but he’s up against a stark reality: there are few options for taming the surge.
From Bloomberg: 'There's no silver bullet,' said Benjamin Salisbury, director of research at Height Capital Markets. 'Anything they could do is going to have knock-on effects, and they're probably worse than the benefits.'
The war in Ukraine has led to a feud between the White House and oil industry as companies reap record profits from rising prices despite consumers paying more