American Oil Producers Issue New Message to Biden During Saudi Trip

After President Joe Biden met with Saudi leaders abroad, American oil producers said that the federal government should stop targeting the industry.

“In spite of … attempts to limit supply, we’re doing everything we can to increase our production,” Tall City Exploration President and CEO Mike Oestmann told Fox Business. “We’re spending all the money that we make. We’re putting it right back in the ground with the addition of the bank borrowing that we’re doing.”

Although gas prices have dropped by more than 45 cents per gallon since one month ago, as of Sunday AAA data show the average price currently stands at $4.53 per gallon. Diesel, which is used by many trucks and most trains, dropped about 25 cents over the past month, but prices remain elevated at $5.54 per gallon.

The president went to Saudi Arabia last week and met with top kingdom officials, including the crown prince, in a bid to expand oil production in the Middle Eastern country. But some oil producers in the United States said that Biden should instead tap into U.S. resources.

“I think the president could have saved a lot of time and taxpayer dollars and come out here to Midland, Texas, to talk to us instead of going to Saudi Arabia,” Latshaw Drilling President Trent Latshaw told Fox Business. “Mr. President, if you want to talk about increasing oil production, come out here and talk to us because we’re just the industry that can help you out,” Latshaw told the news outlet.

Meanwhile, there is little-to-no indication that the Biden administration will relax some of its policies around the oil and gas industry. Republicans have criticized the president for signing numerous executive orders, including killing off the Keystone XL pipeline, ending new federal drilling leases, and ending some fossil fuel subsidies.

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