Current:Home > MarketsBiden says he worries that cutting oil production too fast will hurt working people -CapitalWay
Biden says he worries that cutting oil production too fast will hurt working people
View
Date:2025-04-14 13:23:26
President Biden said on Sunday that the world can't immediately stop using oil and said OPEC and Russia need to pump more of it, even as he pushes the world to pledge to cut climate-changing carbon emissions at the Glasgow climate summit this week.
After three days of meeting with world leaders in Rome, where he attended the G-20 summit, Biden said he is worried that surging energy costs are hurting working class families.
"On the surface it seems like an irony," Biden said of simultaneously calling on major oil producers to pump more as he heads to the COP26 climate change summit. "But the truth of the matter is ... everyone knows that idea that we're going to be able to move to renewable energy overnight ... it's just not rational," he said.
Biden said the idea that Russia, Saudi Arabia and other producers are holding back to boost prices "is not right." With gas prices averaging $3.40 a gallon in the United States, according to AAA, Biden said families are feeling it.
"It has profound impact on working class families just to get back and forth to work," Biden said. He talked about the issue with other major oil-consuming countries at the G-20, but told reporters he was reluctant to reveal any of their plans to spur producers to pump more.
Biden says he isn't worried about his sagging approval ratings
Surging gas and grocery prices and supply chain snarls have prompted concerns among Americans about the state of the U.S. economy, even as unemployment continues to improve and wages rise.
Biden's approval rating has sunk well below 50%. An NBC News poll released Sunday that found 70% of Americans say the country is headed in the wrong direction, 8 points worse than in August, a moment when Biden's fortunes really began to slide because of the surge in COVID-19 cases and the chaotic troop withdrawal from Afghanistan.
Asked about his poll numbers, Biden said "the polls are going to go up and down and up and down," adding that he didn't seek the presidency for the ratings.
He says he's confident his big legislative package will soon pass
Biden said he's confident the U.S. can meet his goal of cutting U.S. carbon emissions in half by 2030 from 2005 levels, even though a key climate measure was cut out of the legislative package currently before Congress. He said that sweeping package of climate measures and social safety net spending, combined with the infrastructure bill passed by the Senate, together contain $900 billion in climate and resilience measures.
Lawmakers within his own party have struggled to agree on the scope and cost of his plan. "It's going to pass in my view — but we'll see," he said, saying a vote could happen soon.
He acknowledge that climate activists found the G-20 agreement on climate measures underwhelming, but blamed Russia, China and Saudi Arabia for not making commitments. "I found it disappointing myself," he said.
In Rome, Biden expounds on his relationship with Pope Francis
Biden spoke at length about his meeting on Friday with Pope Francis. Biden finds himself at the center of a debate among American Catholic leaders about whether the Catholic president should continue to receive communion, because his stance in favor of abortion rights conflicts with the church's position.
Biden had told reporters the pope told him he was a "good Catholic" and should continue to receive communion. Asked how that made him feel and whether it should put the debate to rest, Biden said "a lot of this is just personal," explaining that Francis had "provided great solace" after the death of his son Beau Biden in 2015.
"He is just a fine, decent honorable man," Biden said of Pope Francis. "He is everything I learned about Catholicism from the time I was a kid going from grade school through high school."
veryGood! (783)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Insurance firms need more climate change information. Scientists say they can help
- Too Hot to Work, Too Hot to Play
- Ron DeSantis debuts presidential bid in a glitch-ridden Twitter 'disaster'
- The company planning a successor to Concorde makes its first supersonic test
- Biden Administration Opens New Public Lands and Waters to Fossil Fuel Drilling, Disappointing Environmentalists
- A ride with Boot Girls, 2 women challenging Atlanta's parking enforcement industry
- Keke Palmer's Boyfriend Darius Jackson Defends Himself for Calling Out Her Booty Cheeks Outfit
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Disney cancels plans for $1 billion Florida campus
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Too Hot to Work, Too Hot to Play
- Red, White and Royal Blue Trailer: You’ll Bow Down to This Steamy Romance
- Kathy Hilton Shares Cryptic Message Amid Sister Kyle Richards and Mauricio Umansky Divorce Rumors
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Travel Stress-Free This Summer With This Compact Luggage Scale Amazon Customers Can’t Live Without
- Warming Trends: Heat Indexes Soar, a Beloved Walrus is Euthanized in Norway, and Buildings Designed To Go Net-Zero
- After Unprecedented Heatwaves, Monsoon Rains and the Worst Floods in Over a Century Devastate South Asia
Recommendation
Intel's stock did something it hasn't done since 2022
When it Comes to Reducing New York City Emissions, CUNY Flunks the Test
Dua Lipa's Birthday Message to Boyfriend Romain Gavras Will Have You Levitating
Warming Trends: Bill Nye’s New Focus on Climate Change, Bottled Water as a Social Lens and the Coming End of Blacktop
Senate begins final push to expand Social Security benefits for millions of people
A Vast Refinery Site in Philadelphia Is Being Redeveloped and Called ‘The Bellwether District.’ But for Black Residents Nearby, Justice Awaits
Vice Media, once worth $5.7 billion, files for bankruptcy
The Summer I Turned Pretty Cast Reveals Whether They're Team Conrad or Team Jeremiah