Biden’s Options to Tame Gas Prices Clash With His Climate Agenda

Oct. 8, 2021, 4:02 PM

President Joe Biden is under intensifying pressure to keep a lid on rising gasoline and natural gas prices that threaten the economic recovery and Democrats’ political ambitions.

But he has little power to control global energy markets.

“The toolbox is actually pretty limited,” said Kevin Book, managing director of research firm ClearView Energy Partners. “The U.S. government doesn’t have the ability to move earth and molecules any faster than the private industry that is responsible for producing energy.”

Moreover, some options -- from tapping the nation’s emergency oil stockpile to banning natural gas exports -- clash with the ...

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