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☆ Elizabeth Warren says student-loan companies can't use lack of funding as an excuse for bad customer service — and she's 'deeply worried' they're not ready for repayment starting next week
▼ + stars: | 2023-09-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Sen. Elizabeth Warren led some Democratic colleagues in sending letters to four student-loan companies requesting information on the repayment restart. They also said a lack of funding is not a valid excuse for borrowers to be facing bad customer service. AdvertisementAdvertisementSenator Elizabeth Warren is worried that four federal student-loan companies aren't up to the task of transitioning millions of borrowers back into repayment in a few days. These letters come just days before pandemic relief for federal borrowers comes to an end. White House Press Secretary Karine Jean-Pierre said during a Monday press briefing that it would further strain Federal Student Aid's ability to assist borrowers over the next month.

Persons: Sen, Elizabeth Warren, —, Warren, — Sens, Chris Van Hollen, Ed Markey, Richard Blumenthal —, servicers, Joe Biden's, Virginia Foxx, Bill Cassidy, Karine Jean, Pierre, Jean, Pierre said Organizations: Democratic, Service, Federal Services, servicer, Central Research Inc, Education Department, — House Republicans, Federal Student Aid, Consumer Financial, Republican, Office, Department, House Press, Education

☆ Biden's son Hunter sues IRS, alleges unlawful release of his taxes
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden walks to the motorcade after arriving at Fort McNair, after U.S. President Joe Biden spent the weekend at Camp David, in Washington, U.S., July 4, 2023. REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Sept 18 (Reuters) - President Joe Biden's son Hunter Biden sued the U.S. Internal Revenue Service on Monday, alleging unlawful disclosure of his taxes by whistleblowers who work for the U.S. tax agency. Hunter Biden is the first child of a sitting U.S. president to have been criminally indicted. Hunter Biden and prosecutors earlier had reached a plea deal over tax and gun charges, but it collapsed. Shapley and Ziegler have testified in Congress as whistleblowers about alleged political interference in an IRS investigation into Biden's taxes.

Persons: Hunter Biden, Joe Biden, Julia Nikhinson, Joe Biden's, Gary Shapley, Joseph Ziegler, Biden, Shapley, Ziegler, Donald Trump's, Trump, Makini Brice, Scott Malone, Will Dunham Organizations: Fort McNair, U.S, Camp, REUTERS, Rights, U.S . Internal Revenue Service, District of Columbia, IRS, Republicans, Republican, Committee, White, Thomson Locations: Fort, Washington , U.S, U.S

☆ Hunter Biden sues IRS, claims whistleblower agents 'targeted and sought to embarrass' him by discussing his tax returns
▼ + stars: | 2023-09-18 | by ( Tom Porter | Mattathias Schwartz | ) www.businessinsider.com time to read: +2 min

Hunter Biden filed a lawsuit against the Internal Revenue Service, legal records show. He said agents who were investigating him told the media about his private tax returns. The lawsuit alleges that agents 'targeted and sought to embarrass' him by discussing his tax returns. Biden is seeking $1,000 for each unauthorized disclosure, attorney's fees, and all documents relating to his tax disclosures. The Republican-controlled House of Representatives has launched an impeachment investigation into President Biden over his son's business dealings in Ukraine and China on the basis of unproven allegations President Biden was improperly involved in them.

Persons: Hunter Biden, Joe Biden's, Biden Organizations: Internal Revenue Service, Service, IRS, Republican, Representatives Locations: Wall, Silicon, Ukraine, China

WASHINGTON (AP) — The Biden administration said Thursday that Egypt's poor human rights record hasn't improved, but it won't withhold as much military aid as it did last year regardless. Egypt has been a top recipient of U.S. military aid since it signed a U.S.-brokered peace deal with Israel in 1979. Congress in recent years has attached restrictions meant to pressure Egyptian leaders to curb human rights abuses to a comparatively small portion of the more than $1 billion in annual military aid to the country. Rights groups and some congressional Democrats had urged the Biden administration to take a hard line against Egypt on human rights, while some lawmakers said strategic interests should be prioritized. U.S. officials said the decision announced Thursday did not signal that the U.S. believed Egypt had made progress on human rights.

Persons: —, Biden, Abdel Fattah el, ” Amr Magdi, ” Magdi, Hisham Kassem, Sen, Chris Murphy, Sisi, Kassem, Jamal Khashoggi, “, Matthew Lee Organizations: WASHINGTON, U.S, State Department, Human Rights, Connecticut Democrat, Freedom, U.S . State Department, PEN, Amnesty International, Amnesty, Saudi, Newsweek Locations: Egypt, U.S, Israel, Connecticut, Taiwan, Ukraine, PEN America, Saudi Arabia

☆ Student-loan borrowers' biggest defender in the government is in jeopardy
▼ + stars: | 2023-09-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The ruling could have significant implications for student-loan borrowers — and consumers nationwide. As federal borrowers have been gearing up for the return to loan repayment in October, the agency cracked down on companies that it accused of illegally charging borrowers for normally free debt-relief services. The Supreme Court is hearing oral arguments on the case on October 3. The CFPB's enforcement actions against this type of illegal conduct are important to protecting borrowers' financial security and obtaining their money back." Now consumers will have to wait and see how the Supreme Court views a top federal consumer watchdog's constitutionality.

Persons: Sen, Elizabeth Warren of Massachusetts, Shahid Naeem, Naeem, Dodd, Frank Wall, Bill Clark, Devin Watkins, they're, beholden Organizations: Service, Supreme, Financial, Community Financial Services Association of America Ltd, Consumer Financial, Federal Reserve, Fifth Circuit, Trump, Fifth, Financial Services Association of America, American Economic Liberties, Congress, Frank Wall Street Reform, Consumer, Federal Deposit Insurance Corp, Inc, Getty, Competitive Enterprise Institute, American Association of, Social Security Locations: Wall, Silicon, Washington , DC

☆ US unions have flexed their muscle this past year. Are they winning?
▼ + stars: | 2023-09-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. When including those smaller strikes, the total number of strikes in the past year increased to nearly 400. The United Mine Workers union never reached a deal on a new contract. The public also sees unions having more power than in the past, and they approve of that, according to the poll. More major strikes loomA number of major labor disputes are still looming.

Persons: They’ve, “ It’s, ”, Wheaton, “ You’ve, it’s, they’re, Biden, AFTRA Organizations: New, New York CNN, Labor, Cornell University’s Industrial, Labor Relations, Teamsters, UPS, Cornell University, Unions, Warrior, United Mine Workers, Congress, SAG, Writers Guild, Observers, Gallup, “ Labor, United Auto Workers, —, Motors, Ford, Jeep, Dodge, Chrysler, GM, Kaiser Permanente Locations: New York, Buffalo , New York, Los Angeles, New York City, Alabama

☆ Opinion | Four Indictments and Two Impeachments Tell One Story
▼ + stars: | 2023-08-21 | by ( Carlos Lozada | ) www.nytimes.com time to read: +2 min

There are two ways to read the stack of indictments and impeachments the 45th president of the United States has amassed so far. They can be regarded, accurately, as America’s case against Donald Trump. Indictment is a legal action whereas impeachment is a political act, but when taken together the texts provide a singular and consistent case. They capture the progression of transgression evident in Trump’s political campaigns, his presidency and its aftermath, with each escape from accountability yielding a bolder and more reckless iteration of Trump. Trump’s first indictment, for allegedly falsifying business records to conceal payments to women with whom he had extramarital affairs, offers an early and straightforward example of his deception.

Persons: Donald Trump, Trump’s, Hillary Clinton, Melania, “, Trump, Volodymyr Zelensky, —, Joe Biden, ” Organizations: United States, United, America Locations: United, New York County, Ukraine, Russia

☆ US to send Ukraine new security aid worth $200 million
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

Military aid, delivered as part of the United States of America's security assistance to Ukraine, is unloaded from a plane at the Boryspil International Airport outside Kyiv, Ukraine February 11, 2022. REUTERS/Serhiy Takhmazov/File PhotoWASHINGTON, Aug 14 (Reuters) - The United States said on Monday it will send Ukraine new security assistance valued at $200 million, including air defense munitions, artillery rounds, and additional mine-clearing equipment. "I want to thank the United States today for the new package. Washington is currently working on a supplemental budget request to continue to aid Kyiv, the U.S. officials said. Monday's announcement of $200 million would be the first tranche of a $6.2 billion windfall of previously authorized Presidential Drawdown Authority (PDA), the officials said.

Persons: Serhiy Takhmazov, Antony Blinken, Volodymyr Zelenskiy, Paul Grant, Ismail Shakil, Bernadette Baum, Conor Humphries Organizations: Boryspil, REUTERS, United, Reuters, Pentagon, Munitions, Patriots, Thomson Locations: United States, Ukraine, Kyiv, Washington, U.S

☆ US to send Kyiv first $200 mln of arms freed by $6.2 bln 'accounting error'
▼ + stars: | 2023-08-07 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang... Read moreWASHINGTON, Aug 7 (Reuters) - President Joe Biden's administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to dole out $6.2 billion of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two U.S. officials said on Monday. Ukraine needs weaponry that can be shipped from U.S. stocks in a matter of days or weeks so it can keep up its fight to repel Russia's invasion - the accounting error worked to Kyiv's benefit because more equipment can be sent. Washington is currently working on a supplemental budget request to continue to aid Kyiv, the U.S. officials said. Tuesday's expected announcement of $200 million would be the first tranche of the $6.2 billion windfall of previously authorized Presidential Drawdown Authority (PDA), the officials said. Reporting by Mike Stone in Washington; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Boris Pistorius, Lloyd Austin, Jens Stoltenberg, Wolfgang, Read, Joe Biden's, Tuesday's, Lockheed Martin, Mike Stone, David Gregorio Our Organizations: German, NATO, Ramstein Air Base, REUTERS, Reuters, Pentagon, Lockheed, Lockheed Martin Corp, Patriot, RTX Corp, Thomson Locations: Ukraine, U.S, Ramstein, Miesenbach, Germany, WASHINGTON, Kyiv, Washington

☆ Opinion: Here’s what America’s allies think about a potential Trump second term
▼ + stars: | 2023-07-18 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

They thought Trump was history. But a second term might be different. I’ll predict that anyone who thought the Trump presidency was disastrous — and polling shows that includes many Americans and most citizens of America’s allies — will find Trump 2.0 even more cataclysmic. Trump now has a strong operation in developing meticulous plans for a possible second term. Before the 2020 election, I wondered if Taiwan might survive a second Trump term.

Persons: Frida Ghitis, Joe Biden, Donald Trump, Trump, —, ”, thrall, “, Vladimir Putin —, Putin, Biden, Xi Jinping, Hong, Kim Jong Un, reelect Organizations: CNN, Washington Post, Politics, Republican, GOP, Trump, Department of Justice, Capitol, Congress, Republican Party, NATO, Twitter, Facebook, White, America Locations: Netherlands, Europe, South, Ukraine, Russia, Kyiv, Crimea, NATO, Taiwan, Beijing, China, Koreans, North Korean, South Koreans

☆ Energy Secretary vows to 100% refill emergency oil stockpile by Biden's second term
▼ + stars: | 2023-07-12 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Fourth of July gas prices took an almost unprecedented plunge on an annual basis. “I forecast oil prices headed higher this decade and, if that’s right, then SPR refilling will largely stop. Although important symbolically, those 12.3 million barrels represents just a drop in the bucket. The reserve held 346.8 million barrels of oil as of the week ending July 7 according to federal data. Beyond the efforts to buy oil, the Energy Department won approval from lawmakers to cancel Congressionally-mandated sales of 140 million barrels of oil through fiscal 2027.

Persons: Joe Biden, Jennifer Granholm, Biden, ” Granholm, Granholm, it’s “, I’m, ”, Bob McNally, George W, Bush, “, McNally, We’re, Granholm ‘ Organizations: New York CNN Business —, CNN, Energy, Strategic Petroleum Reserve, Energy Department, AAA, Congressionally, Rapidan Energy Locations: Russia, Ukraine, Saudi, Saudi Arabia

☆ Trump's claim that he could end Ukraine's war in a day is a 'beautiful' thought but not true, Zelenskyy says
▼ + stars: | 2023-07-09 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Ukraine President Volodymyr Zelenskyy dismissed Trump's claim he could end the war in a day. Zelenskyy told ABC that the idea is "beautiful" but not grounded in "real-life experience." He argued that Trump failed to achieve peace during his four years as president. Zelenskyy, asked about that assertion, was himself diplomatic, saying the "desire to bring the war to an end is beautiful." Zelenskyy, on Sunday, said that he doesn't have much interest in any peace deal that envisions him ceding land to an invader.

Persons: Volodymyr Zelenskyy, Trump's, Zelenskyy, Trump, Donald Trump, ABC's Martha Raddatz, Ron DeSantis —, Vladimir Putin, Joe Biden, Mark Esper, —, Biden Organizations: ABC, Service, Republicans, Biden, Florida Gov, Democratic Locations: Wall, Silicon, Ukraine, Russia, Ukrainian, Kyiv, Crimea

SPR stocks drew for a seventh week in a row, falling by 2.4 million last week to 359.59 million barrels, their lowest since September 1983, due to last year's congressionally mandated release. Inventories at the Cushing, Oklahoma, delivery hub for U.S. crude futures (USOICC=ECI) rose by 1.5 million barrels last week, the EIA said. Brent and U.S. crude futures were trading just over 0.2% higher at $75.11 per barrel and $71.05 per barrel, respectively, by 10:39 a.m. Gasoline stocks (USOILG=ECI) fell by 1.4 million barrels in the week to 218.3 million barrels, the EIA said, compared with analysts' forecasts for a 1.1 million-barrel drop. U.S. crude oil imports rose 24% to 6.9 million barrels, while exports also climbed nearly 50% to 4.3 millions barrels.

At least 300,000 barrels of oil equivalent per day (boepd) production was shut in last week in Alberta. Also supporting oil prices, the U.S. could start repurchasing oil for the Strategic Petroleum Reserve (SPR) after completing a congressionally mandated sale in June, Energy Secretary Jennifer Granholm told lawmakers on Thursday. Global crude supplies could also tighten in the second half as OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia - plan additional output cuts. Fears of a slowdown in the global economy limited gains in oil prices. "If credit conditions ease over the coming months, allaying economic fears for the world's largest economy, oil prices could bounce back without assistance but it seems a little premature at this point," said OANDA analyst Craig Erlam.

☆ Oil prices rise as tight supplies compete with economic concerns
▼ + stars: | 2023-05-15 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

SINGAPORE, May 15 (Reuters) - Oil prices edged up on Monday as the prospect of tightening supplies due to OPEC+ production cuts and a resumption in U.S. buying for reserves outweighed concerns about fuel demand in top global oil consumers the United States and China. Still, global crude supplies could tighten in the second half as OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia - is making additional output cuts that are reducing sour crude volumes. However, Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting on June 4, said its oil minister, Hayan Abdel-Ghani. Meanwhile, flows of northern Iraqi crude oil to Turkey's Ceyhan port have yet to resume following Baghdad's request to restart them last week, industry sources said on Monday, helping keep global supplies tight. The tightening of sanctions will also seek to undermine Russia's future energy production and curb trade that supports the Russian military, the people said.

SINGAPORE, May 15 (Reuters) - Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 26 cents, or 0.35%, to $73.91 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude was at $69.34 a barrel, down 20 cents, or 0.29%. Investors will scour China's slew of economic data on industrial output, fixed assets investment and retail sales in the week ahead for signs of oil demand improvement, she said. However, Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, said its oil minister, Hayan Abdel-Ghani. 1 crude importers, respectively, have been the key buyers of Russian crude since the European Union embargo started in December.

☆ Oil falls as economic concerns offset prospect of tighter supplies
▼ + stars: | 2023-05-15 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

SINGAPORE, May 15 (Reuters) - Oil prices slipped on Monday as concerns about fuel demand at top global oil consumers U.S. and China offset optimism about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 43 cents, or 0.6%, to $73.74 a barrel by 0130 GMT while U.S. West Texas Intermediate crude was at $69.67 a barrel, down 37 cents, or 0.5%. Investors will scour China's slew of economic data on industrial output, fixed assets investment, and retail sales in the week ahead for signs of oil demand improvement, she added. However, Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, its oil minister Hayan Abdel-Ghani said. 1 crude importers, respectively, have been the key buyers of Russian crude since the European Union embargo started in December.

☆ Biden administration to buy 3 million barrels of oil to begin replenishing emergency oil stockpile
▼ + stars: | 2023-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile. Faced with spiking gas prices, President Joe Biden has aggressively drained the SPR, the world’s largest supply of emergency crude oil. The SPR held about 638 million barrels of oil when Biden took office in January 2021, according to the US Energy Information Administration. Today, it is down to 362 million barrels — the lowest level since October 1983. Before announcing plans to purchase oil, the Energy Department moved to cancel 140 million barrels in congressionally mandated sales scheduled for the next several fiscal years.

☆ Oil prices fall on stronger dollar, demand fears
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: +3 min

Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. "Lack of confidence in the economy is translating to a retreat to the safer dollar, and is also causing pessimism about oil demand," said John Kilduff, partner at Again Capital LLC in New York. Meanwhile, China's April consumer price data rose at a slower pace than in March, missing expectations, while deepening factory gate deflation refocused doubts about its recovery from COVID restrictions driving oil demand growth. U.S. oil rigs fell by two to 586 this week, their lowest since June 2022, while gas rigs plunged by 16 to 141, their lowest April last year. The Organization of the Petroleum Exporting Countries (OPEC) kept its global oil demand forecast for 2023 unchanged on Thursday, expecting economic risks to be offset by higher Chinese demand growth.

☆ Republicans ask watchdog to assess US oil reserve management
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File PhotoWASHINGTON, May 8 (Reuters) - Two Republicans on Monday asked a congressional watchdog to assess the Biden administration's management of the Strategic Petroleum Reserve and audit its modernization program, saying sales from the SPR have undermined U.S. energy security. Over about six months last year, the Biden administration conducted a record sale of 180 million barrels of oil to combat high gasoline prices after Russia's invasion of Ukraine. The Biden administration wrote to lawmakers last month, saying the sales did not damage the SPR. The lawmakers said they were concerned about delays and cost overruns in the SPR modernization program authorized by Congress in 2015.

May 3 (Reuters) - U.S. crude oil inventories fell for a third week in a row, while gasoline stockpiles unexpectedly rose last week as demand weakened, the Energy Information Administration said on Wednesday. Crude in the Strategic Petroleum Reserve declined 2 million to 364.9 million barrels, its lowest since October 1983. Levels dropped for the third week in a row as part of a congressionally mandated sale of 26 million barrels. Gasoline stocks (USOILG=ECI) rose by 1.7 million barrels to 222.9 million barrels, the EIA said, compared with forecasts for a 1.2 million-barrel drop. U.S. crude oil futures fell $2.93, or 4.1%, to $68.73 a barrel by 11:00 a.m.

☆ Analysis: American living standards are on the line in the debt ceiling drama
▼ + stars: | 2023-04-27 | by ( Christine Romans | ) edition.cnn.com time to read: +6 min

New York CNN —Inside the Beltway, jockeying over raising the debt ceiling has become a partisan ritual to gain political points. But marching toward a debt ceiling default puts American living standards on the line. For most of that time, the debt ceiling was raised with little fuss, until 2011 brought the debt ceiling into a new dangerous realm of political brinksmanship. Deciding later not to pay the bills by not raising the debt ceiling is not sound fiscal policy. Roger Ferguson, economist and former vice chair of the Fed, said the debt ceiling is out of date.

☆ Opinion: What happens when you knock on a door
▼ + stars: | 2023-04-23 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In Kansas City, Andrew Lester, an 84-year-old White homeowner shot Ralph Yarl, a Black teenager who rang his doorbell. And, “with Trump as the front-runner for the 2024 Republican nomination, Fox has resumed coverage of him which often veers into the free-advertisement category. Neither Robert F. Kennedy Jr., who announced his candidacy last week, nor Marianne Williamson represents a serious threat, Axelrod noted. “The calendar reads 2023,” wrote the Republican former lieutenant governor of Georgia, Geoff Duncan, “but it feels like 2016 all over again.

☆ SEC's Gensler in congressional hot seat today over climate change and crypto
▼ + stars: | 2023-04-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. That's because SEC Chair Gary Gensler has aroused the ire of many in corporate America over his 50+ list of new regulatory proposals the SEC is scheduled to vote on this year. "Chair Gensler has identified a range of 50-55 regulatory priorities since the start of his tenure, and has already proposed twice as many rules as his predecessor in just half the time." "The vast majority of crypto tokens are securities," Gensler declared in his written testimony to the House Financial Services Committee. "SEC Chair Gensler is long overdue to testify before the House Financial Services Committee," Rep. French Hill (R.-Ark), Vice Chairman of the House Financial Services Committee, said in a statement released to CNBC.

☆ Oil falls as investors cautious about U.S. recession risk
▼ + stars: | 2023-04-13 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +3 min

[1/2] The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File PhotoSINGAPORE, April 13 (Reuters) - Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. The Biden administration plans to refill the U.S. Strategic Petroleum Reserve soon, and hopes to do it at lower oil prices, U.S. Energy Secretary Jennifer Granholm said on Wednesday. Still, the oil market was jolted higher two weeks ago after the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia agreed to curtail output. As a result, the global oil market could see tightness in the second half of 2023, which would push prices higher, said Fatih Birol, executive director of the International Energy Agency.

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