Biden Called to Unleash Shale to Counter Energy Crisis (1)

March 4, 2022, 4:19 PM UTC

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

The Biden administration, which has made climate one of its policy pillars, has more than once asked OPEC+ to raise crude production to tame energy prices -- while at the same time declining to do so at home. Now, oil and gas executives say they can help ease the energy crisis triggered by Russia’s invasion of Ukraine, but want help from the White House first.

“This shift away from Russia will not ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.