Exxon Mobil Fires Back at Biden After Letter Warning Use of Emergency Powers

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Exxon Mobil fired back at President Joe Biden’s letter calling on U.S. energy producers to bring “near-term solutions” to address rising gas prices and decades-high inflation.

“In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions—such as waivers of Jones Act provisions and some fuel specifications to increase supplies,” the oil giant said in a news release Wednesday.

And in the longer term, the federal government “can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines.”

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