Biden administration official touts Iran nuclear deal as way to lower U.S. gas prices
John Kirby, the spokesman for the National Security Council, sees the Iran nuclear deal as something with positive ripple effects, as some Biden administration officials believe it could lower prices some gas.
In a Fox News interview on Tuesday, Kirby reiterated that the goal of the deal is to prevent Iran from getting a nuclear weapon, but it could produce other gains.
“Well, look, I mean, there’s obviously a tangential, potentially tangential upside,” Kirby said when asked about recent remarks by Assistant Secretary of State Wendy Sherman, who framed the deal’s return as a means of bolstering the world’s oil supply.
Sherman made his comment on July 12, during an interview at the International Student House in Washington.
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“They would get sanctions relief,” she said. “They would improve their economy and resell their oil, and the world needs their oil, so they can get a good price for it. It’s in their interest to do that.”
American energy producers were quick to react. “Consulting with U.S. oil and natural gas producers on ways to increase production to meet growing global demand is much simpler than the administration’s ethical and geopolitical contortions with totalitarian regimes,” he said. Jason Modglin, president of the Texas Alliance of Energy Producers, to Fox. News in a release.
Biden pushed several policies and executive orders to lower gas prices, but none boosted oil production. In June, he called on Congress to implement a three-month gas tax suspension to cut prices by 18 cents a gallon.
However, the Biden administration simultaneously doubled down on its climate agenda, cancellation of several oil and gas lease salesrevoking the license for the Keystone XL pipeline and asking producers in the Middle East and Venezuela to increase production.
In an earlier announcement, the White House noted that oil production was increasing, but said efforts to boost drilling “must be coupled with medium to long-term efforts to move our economy away from fossil fuels produced by autocrats and clean energy”.
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Thomas Catenacci of Fox Business contributed to this report.