Oil Experts Critical Of Biden Admin While Big Oil Investing Closer To Home

Objectivity 4.8 | Credibility 4.8 | Relevance 4.8

Oil industry experts are criticizing the Biden Administration over its response to the news that Chevron and Exxon Mobil will be pulling back from international deals and investing up to 70% of capital expenditures in projects in the Americas. Stephen Schork, founder and editor of The Schork Report, said, “It’s a potential shot in the arm and a great sign that even though with all the vitriol that has come out of this White House lampooning our own industry while coddling terrorists in Venezuela.” Schork also noted, “it’s a good thing for U.S. jobs, a good thing for the U.S. economy.”