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Treasury Sec. Yellen says only way to fix energy crisis is to ‘move to renewables’
Biden tells oil refiners: Produce more gas, fewer profits
Power the Future Executive Director Daniel Turner joins ‘Kennedy’ to weigh in on the U.S. domestic supply of oil and President Biden’s plans to travel to Saudi Arabia.
Treasury Secretary Janet Yellen said Sunday that the Biden administration’s policies are not responsible for record-high gas prices, and the only way to fix the energy crisis in the "medium-term" is to move towards "renewables to address climate change."
During an appearance on ABC’s "This Week," Yellen was asked to respond to a statement Wednesday by the American Petroleum Institute, which said the Biden administration’s "misguided policy agenda shifting away from domestic oil and natural gas has compounded inflationary pressures and added headwinds to companies’ daily efforts to meet growing energy needs while reducing emissions."