Biden Sees Opportunity in Skyrocketing Energy Prices: ‘We have a chance here to make a fundamental turn toward renewable energy…& not just electric vehicles but across the board’
President Joe Biden suggested Monday that the U.S. has a chance to make a “fundamental turn” toward green energy, even as some experts warn that the economy is headed toward a recession.
Shortly after speaking about his skepticism regarding an economic downturn, Biden told reporters in Rehoboth Beach, Delaware, that his mother had an expression: “Out of everything lousy, something good will happen if you look hard enough for it.”
“We have a chance here to make a fundamental turn toward renewable energy, electric vehicles, and not just electric vehicles but across the board,” the president said.
Biden added that his team would be sitting down with the CEOs of major oil companies this week to try to “get an explanation of how they justify making $35 billion in the first quarter.”
Even before he was elected in 2020, Biden specified an “equitable clean-energy future” as one of his goals as president.