(Bloomberg) — 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.
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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 happen overnight, and we need to be clear about that, but for it to happen at all, we need clear and consistent energy policy here in the U.S.,” said Dustin Meyer, vice president of the American Petroleum Institute, on a conference call. “Unfortunately, that’s not…