Business

US oil industry uses Ukraine invasion to push more drilling at home

Some Republican legislators began repeating the oil industry’s demands.

Representative Cathy McMorris Rodgers, a Republican from Washington State and Republican leader of the House Committee, said: “It is now clearer than ever that anti-American energy policies have us in our way. and Europe are more dependent on Russian oil and natural gas. Energy and Trade. “I continue to urge President Biden to restore American energy dominance. It is our greatest weapon against Putin,” she said.

Biden’s efforts to quell concerns, promised that his administration would do everything it could to ensure energy independence and “limit the pain the American people are feeling when petrol pump,” fell on deaf ears.

“You need to do more. You need to get rid of the necks of American energy producers,” said Dan Sullivan, a Republican senator from Alaska. a response video. The government should revive, he said Keystone XL . Pipelinesuch as – the project implemented will transport oil from Canada’s tar sands to Nebraska – and continue to issue drilling leases in Arctic National Wildlife Refugeone of the largest wilderness areas in the United States.

The Petroleum Corridor has been less vocal about imposing sanctions on Russia’s oil and gas capabilities. In fact, even as the United States and Western Europe have imposed other economic sanctions and Germany has suspended Russia’s Nord Stream 2 gas pipeline, the Biden administration has so far restricted the The measure affects Russia’s energy companies directly, focusing instead on banks, as well as government officials and their families.

Some of the biggest drillers in the industry, including Shell, BP and Exxon Mobil, are involved in oil and gas projects in Russia.

Aseem Prakash, professor of political science and founding director of the Center for Environmental Politics at the University of Washington, said continued pressure from the climate community meant Mr Biden was unlikely to oppose the decisions. major climate-related, such as the cancellation of the Keystone pipeline.

“But there can be sneaky turns, such as less aggressive measures on oil or shale leases. And their rhetoric will have to diminish,” he said, referring to the Biden administration. In places like Pennsylvania, for example, Democrats “simply can’t afford to say, ‘Oil prices are going up, but let’s not revive shale. “It was political suicide,” he said.

https://www.nytimes.com/2022/02/26/climate/ukraine-oil-lobby-biden-drilling.html US oil industry uses Ukraine invasion to push more drilling at home

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button