Oil Industry Stirs Blowback After Weaving War Into U.S. Lobbying
- Oil, gas groups argue American energy a ‘stabilizing force’
- Green groups see cynical ploy, call for renewables instead
Photographer: Tim Rue/Bloomberg
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The U.S oil and gas industry is seizing on the market turmoil sparked by Russia’s invasion of Ukraine to demand the Biden administration take steps to encourage more drilling.
Industry executives and their allies on Capitol Hill are citing the war in a push for long-sought policy goals such as pipeline approvals, expanded exports of natural gas and more drilling rights -- even as the White House says companies aren’t making full use of the permits they already have.