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Biden Is About To Give Heavy Oil Demand A Major Boost

From oilprice.com

U.S. President Joe Biden would like to see his proposed $2-trillion package on infrastructure passed by the summer, White House Press Secretary Jen Psaki said on Tuesday, while analysts estimate that the package could raise demand for oil for building roads. “He’d like to see progress by May and certainly a package through by the summer,” Psaki said, referring to President Biden’s plan on fixing the nation’s infrastructure unveiled last week. The timeline Psaki mentioned is more ambitious than what some Democrats have hinted at—a deadline for action by September. The package faces opposition from Republicans and even ... (full story)

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