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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

The White House and Jeff Bezos trade insults over gas prices

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Jul 2022 08:04
2 Min Read

White House Press Secretary Karine Jean-Pierre replied to Jeff Bezos' criticism of President Biden's demand on oil CEOs to lower gas prices.

  • x
  • The White House and Jeff Bezos trade insults over gas prices

White House Press Secretary Karine Jean-Pierre replied Sunday to Jeff Bezos' criticism of US President Joe Biden's demand on oil CEOs to lower gas prices.

After Biden reiterated demands on oil firms to cut prices on Saturday, Bezos replied by saying, "inflation is far too important a problem for the White House to keep making statements like this."

The Amazon founder added that it was "either straight ahead misdirection or a deep misunderstanding of basic market dynamics."

In response, Jean-Pierre Tweeted that "Oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down," elaborating that "That's not 'basic market dynamics.' It's a market that is failing the American consumer."

"But I guess it’s not surprising that you think oil and gas companies using market power to reap record profits at the expense of the American people is the way our economy is supposed to work."

Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk

— Jeff Bezos (@JeffBezos) July 3, 2022

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Last month, gas prices hit a record $5 throughout the US.

Read more: Biden pins US inflation on Putin, again

With the summer travel season starting, demand for gasoline is increasing, and with Russian oil imports shut off due to the Ukraine war, oil prices are skyrocketing on worldwide markets.

The Biden administration tried many tactics to cool surging gas prices, including releasing oil from the Strategic Petroleum Reserve, loosening limits on E15 gasoline, and pushing for a suspension of the federal gas tax, which Congress did not do.

Biden urged oil refinery CEOs to boost production and noted their "historically high-profit margins."

Oil companies have blasted the Biden administration for refusing to issue new drilling leases on public lands, canceling the Keystone Pipeline, and promoting its net-zero carbon emissions climate program.

  • Jeff Bezos
  • Gas prices
  • Oil prices
  • white house

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