U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work wi...
HOUSTON - U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, and to punish what he called “bad actors” on the world stage.
The United States has imposed harsh sanctions in the past several months on two major world oil producers, Venezuela and Iran. “We need to roll up our sleeves and compete – by facilitating investment, encouraging partners to buy from us, and by punishing bad actors,” Pompeo said in his prepared remarks.
The speech came the same day Pompeo met with top oil executives for about an hour to try to persuade energy companies to help the administration’s efforts to boost crude exports to Asia and to support its policy of isolating Iran.
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