Kirby: The President Understands that Increased Oil Can Help Ease Gas Prices

EXCERPT:

KIRBY: "I don't want to get ahead of the agenda what they want to decide at the GCC meeting. I would just note, Mike, that already OPEC has increased by 50% previously scheduled increases for July and August. So going into the rest of the summer, they’ve already increased, again, by half, planned increases for oil production. We’ll see what happens, you know, as a result of this meeting and where things go. The President understands that increased oil production can help, which is another reason why again he has tapped into our strategic reserve of 1 million barrels a day. But there's an awful lot that goes into energy security that is not just about oil production. Again, the President is looking forward to having that discussion."