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Free AccessBiden To Announce Energy Security Measures Amid Criticism Of Abortion Focus
US President Joe Biden is set to announce additional measures on strengthening energy security today at 13:15 ET 18:15 BST. Livestream: https://www.youtube.com/watch?v=KV1JM693O-0&featur...
- Comes as the political environment seen as tilting towards Republicans with the economy, inflation, and energy the dominant electoral issues.
- Hanna Trudo at the Hill tweeted yesterday after Biden pledged to codify Roe as his first piece of business for next Congress: “Abortion as a closing pitch was always going to be a really risky proposition. [...] the cost of gas is *extremely* important to nearly everyone, abortion is simply not.”
- White House Chief of Staff Ron Klain replied: “Not an either / or. [Biden] spoke about abortion today, will speak about gas prices tomorrow.”
- Biden is expected to announce plans to leave open the possibility of further releases from the Strategic Petroleum Reserve beyond the 180m barrels authorised in the summer.
- Less likely option is a ban on US oil product exports. Energy Security Advisor Amos Hochstein is reportedly in favour of such a measure but seen as a last resort as would further exacerbate the European energy crisis and strain relations with key allies.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.