Zero Hedge
By Tyler Durden – March 8, 2022
In response to non-stop damage control from the White House which is seeking to “explain away” the unprecedented surge in commodity prices which will push gasoline to a new all time nominal high as soon as tomorrow, the head of the American Petroleum Institute, the largest national trade association representing all aspects of America’s natural gas and oil industry, said the Biden administration is “misusing facts” when it claims the industry has more than 9,000 federal drilling permits on which it can drill to boost supply and ease soaring energy prices.