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Exxon Mobil CEO says oil companies were in tough position before Ukraine-Russia war
House considering ban of Russian oil will send ‘clear signal’ to Putin: Rep. Kevin Brady
Rep. Kevin Brady, R-Texas, argues it’s ‘unacceptable’ for America to be ‘begging’ enemies for oil.
Exxon Mobil chief executive Darren Woods said Monday that oil producers are trying to ramp up production to meet demand as prices continue to soar, but that doing so was tough even before the Ukraine crisis due to lack of U.S. investment during the COVID-19 pandemic.
Additionally, the U.S. government has dialed back support for the industry in the canceling of the Keystone Pipeline, among other efforts.