Granholm Takes Gas Price Blame Shifting To New Heights In Sunday Interview

Granholm Takes Gas Price Blame Shifting To New Heights In Sunday Interview

US Secretary of Energy Jennifer Granholm speaks during the International Atomic Energy Agency (IAEA) ... [+] General Conference, annual meeting of all the IAEA member states, at the agency's headquarters in Vienna, Austria on September 20, 2021. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images) Energy Secretary Jennifer Granholm, in an appearance with host Dana Bash on CNN's "State of the Union" show Sunday morning, worked hard to to lay blame for rising prices for crude oil, gasoline and home heating bills on both OPEC and the U. S. oil and gas industry. "Of course, every president is frustrated because they can't control the price of gasoline because it's a global market. You can call upon increased supply, which he has done and OPEC is unfortunately controlling the agenda with respect to oil prices. OPEC is a cartel, and it controls over 50 percent of the supply of gasoline," she added. Unfortunately, the Secretary is misinformed. OPEC countries collectively produce a little over 30 million barrels of oil per day (bopd) in a global market that totals roughly 100 million bopd. It is not possible to control 50% of gasoline supplies with 30% of global