Sec. Yellen Says Biden Policies Are Not Responsible For Gas Prices, But Admits ‘Production Is Down’
‘Well I don’t think policies are responsible for what’s happening in the oil market’
Jun 20, 2022 9:00 AM
By Grabien Staff
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TRANSCRIPT:
YELLEN: "Well, I — I don’t think that policies are responsible for what’s happening in the oil market. Actually, consumption of gas and fuels are currently at lower levels than pre-pandemic. And what’s happened is that production has gone down. Refinery capacity has declined in the United States, and oil production has declined."
